Auction tally: 35 cabin sites, $15.7 million for school endowment

The Idaho Department of Lands auctioned off 35 cabin lots along North Idaho’s Priest Lake Friday — collecting close to $15.7 million for the public schools endowment.

Idaho Department of LandsThe auctions, in Coeur d’Alene, represent part of an ongoing process to parcel off Idaho’s lakefront cabin sites. The state has auctioned off 161 lots along Priest and Payette lakes, about a third of its original holdings. The sales have netted $67 million for various endowments, supporting K-12, State Hospital South, and teacher education programs at Idaho State University and Lewis-Clark State College.

Each year, Idaho public schools receive an annual payment off the endowment fund. Last month, the five statewide elected officials comprising the Idaho Land Board voted to boost the K-12 endowment payment to $36.7 million, nearly a $4 million increase. By contrast, the 2015-16 budget puts $1.48 billion of general fund tax dollars into K-12.

Kevin Richert

About Kevin Richert

Senior reporter and blogger Kevin Richert specializes in education politics and education policy. He has more than 30 years of experience in Idaho journalism. He is a frequent guest on KIVI 6 On Your Side; "Idaho Reports" on Idaho Public Television; and "Idaho Matters" on Boise State Public Radio. Follow Kevin on Twitter: @KevinRichert. He can be reached at [email protected]

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