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JFAC briefed on Public Education Stabilization Fund status; gap to 15% cap remains
Summary
Legislative analysts told the Joint Finance-Appropriations Committee (JFAC) the Public Education Stabilization Fund (PSIF) holds about $250.9 million and could accept roughly $189.6 million more before reaching a 15% cap established under recent law; the presentation outlined past withdrawals, deposits and a governor-recommended transfer.
BOISE — During a Wednesday meeting of the Joint Finance-Appropriations Committee, Jared Tedrow, Deputy Division Manager in the Budget Policy Analysis Division of the Legislative Services Office, reviewed the status of the Public Education Stabilization Fund (PSIF), describing its purpose and current balance.
Tedrow told the committee PSIF “acts as a safety net for the public school support program appropriations” and that the fund receives deposits when appropriations exceed the…
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