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Committee waits on Idaho Code guidance to finalize FY2026 revenue; levy options discussed
Summary
Staff said the finance team is waiting on final Idaho Code and budget-formula forms to complete FY2026 revenue estimates; the committee discussed levy options, ballot language and timelines and noted a possible state change requiring districts to borrow before receiving state funding.
At the March 13 meeting, committee members heard that final Idaho Code language and updated budget-formula forms must be issued before staff can complete fiscal-year 2026 revenue projections. The finance team reported it is holding revenue calculations until those statutory forms are finalized.
Committee members discussed levy options, ballot-language timing and related timelines for putting measures before voters. Members also noted that the state "has looked at changing the funding method to require school districts to borrow money before they can receive state funding," a potential procedural change that would affect local budgeting if adopted. No ballot language or levy measure was finalized at the meeting.
