JFAC holds special hearing on PESF, the 'really important' rainy-day fund for schools

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As required by a law that passed last year, the Joint Finance-Appropriations Committee this morning held a special hearing on the Public Education Stabilization Fund, the rainy-day fund for schools, to consider transferring more money into it to make up for withdrawals made over the past year. Senate Education Chairman Dean Mortimer, R-Idaho Falls, emphasized “how important this is for our educational community – I’m grateful and glad we’re making this consideration.” After reviewing the status of the fund – the past year saw a withdrawal of $20.78 million, largely because more students showed up in Idaho classrooms than was projected, and also due to higher than expected expenses for students taking advanced classes,  and it now has a balance of...

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JFAC holds special hearing on PESF, the 'really important' rainy-day fund for schools

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