State draws down education savings account balance

BOISE — The state of Idaho withdrew more than $30 million from an education rainy-day fund in the recently completed budget year, to cover unmet expenses and deal with enrollment increases.

The money primarily went into three areas, according to Legislative Services Office documents:

* $14.4 million for teacher salaries and benefits.
* $8.4 million for school busing.
* $4 million for student advanced opportunities programs.

As a result, the Public Education Stabilization Fund’s balance dropped from $93.8 million to $62.2 million.

Read more: https://magicvalley.com/news/local/education/state-draws-down-education-savings-account-balance/article_6964d061-16d7-5207-8a4b-7a8206efc628.html