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Legislative analysts report Public Education Stabilization Fund at $250.9 million, cap raised to 15% after 2021 change
Summary
Legislative Services Office staff briefed the Joint Finance-Appropriations Committee on the Public Education Stabilization Fund balance, the statutory cap increase passed in 2021, and the remaining capacity before the fund reaches its 15% limit.
Jared Tedrow, deputy division manager in the Legislative Services Office’s Budget Policy Analysis Division, told the Joint Finance-Appropriations Committee that the Public Education Stabilization Fund, known as PSIF, held about $250.9 million as of July 1, 2024.
“That fund acts as a safety net for the public school support program appropriations,” Tedrow said, adding that the cap on the fund was increased in 2021 from a prior level traditionally referred to as 8.334% to a new cap of…
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