Appropriates $48,486,600 for the Public Schools Educational Support Program/Division of Facilities for fiscal year 2018; provides moneys for the Bond Levy Equalization Fund; specifies the amount of revenue to be distributed to the General Fund; and allows for the General Fund to be included in the year-end reconciliation, if necessary.

This is the Fiscal Year 2018 appropriation for the Facilities Division of the Public Schools Educational Support Program in the amount of $48,486,600. This includes $17,217,400 from the General Fund and $31,269,200 from dedicated funds. This appropriation funds the Bond Levy Equalization Program, the Charter School Facilities Program, and the School Facilities Maintenance Match Program and results in a General Fund decrease of 9.2% and a 1.9% decrease in all funds. The estimated cost of the Bond Levy Equalization Program is $20,500,000 and is funded from a mix of $7,305,800 from the General Fund (transferred from cigarette tax revenue), $12,050,000 of Idaho Lottery proceeds directed by statute to the Bond Levy Equalization Program, and $1,144,200 from the fund balance in the Bond Levy Equalization Fund. The estimated cost for charter school facilities is $6,084,100, all from the General Fund. The estimated cost of the state facilities maintenance match is $21,902,500 and is funded from a combination of $3,827,500 from the General Fund and $18,075,000 from the School District Building Account, which receives moneys directly from the Idaho Lottery.