Appropriates $53,545,700 to the Public Schools Educational Support Program/Division of Facilities for fiscal year 2019; provides moneys for the Bond Levy Equalization Fund; specifies the amount of revenue to be distributed to the General Fund; and makes a transfer to the Public School Income Fund.
APPROPRIATIONS -- PUBLIC SCHOOLS -- FACILITIES DIVISION -- Appropriates $53,545,700 to the Public Schools Educational Support Program/Division of Facilities for fiscal year 2019; provides moneys for the Bond Levy Equalization Fund; specifies the amount of revenue to be distributed to the General Fund; and makes a transfer to the Public School Income Fund.
STATEMENT OF PURPOSE
This is the FY 2019 original appropriation bill for the Division of Facilities for the Public Schools Educational Support Program. It appropriates $53,545,700. This includes $22,186,500 from the General Fund and $31,359,200 from dedicated funds. This appropriation funds the Bond Levy Equalization Program, the Charter School Facilities Program, and the School Facilities Maintenance Match Program. The estimated cost of the Bond Levy Equalization Program is $23,184,500 and is funded from a mix of $10,387,800 from the General Fund (transferred from cigarette tax revenue), $12,375,000 of Idaho Lottery proceeds directed by statute to the Bond Levy Equalization Program, and $421,700 from the fund balance in the Bond Levy Equalization Fund. The estimated cost for charter school facilities is $7,893,700, all from the General Fund. The estimated cost of the state facilities maintenance match is $22,467,500 and is funded from a combination of $3,905,000 from the General Fund and $18,562,500 from the School District Building Account, which receives moneys directly from the Idaho Lottery. The net increase of these nondiscretionary adjustments is $5,059,100. This bill results in an increase of all funds of 10.4%.
HOW THEY VOTED
Senate Third Reading
YEA (35)
NAY (0)
House Third Reading
YEA (69)
NAY (0)
ABSENT / NOT VOTING (1)
LATEST ACTION
Session Law Chapter 232 Effective: 07/01/2018