The Land Board is holding a special meeting at 2 p.m. on Wednesday, February 10th to discuss and vote on Superintendent Luna's proposal for a one-time distribution of $52.8 million from the Public Schools Earnings Reserve Fund for FY2011.
Idaho's public schools are facing a shortfall of at least $135 million in the upcoming school year. This one-time distribution will make an unmanageable budget situation for schools more manageable and also leave a cushion of at least one year's reserve in the Public Schools Earnings Reserve Fund.
The Land Board is made up of the Governor, Attorney General, State Controller, Secretary of State and Superintendent of Public Instruction. The meeting will be held on the 2nd floor of the Borah Building at the corner of 8th and Bannock in Boise.
For further information on Superintendent Luna's budget proposal, visit the Public Schools Budget page.
~ Melissa M.