Schools to receive $10.3 million boost from endowment

The money won’t come until July 2017, but public schools are in line for a boost in money from the state’s public lands endowment.

Idaho Department of LandsOn Tuesday, the Idaho Land Board a $47 million payout to public schools for 2017-18. That’s a record, and a 28 percent increase from the current year’s $36.7 million payment.

Overall, 2017-18 endowment payments will come in at close to $73.5 million, with public schools receiving the entire increase. The board voted to hold the line on payments to other endowment beneficiaries — which includes universities, state hospitals, the Idaho School for the Deaf and the Blind and the state Capitol.

The endowment dollars come largely from timber sales and other economic activity on state endowment trust lands, as well as investment earnings.

The Land Board is made up of five statewide elected officials: Gov. Butch Otter; Superintendent of Public Instruction Sherri Ybarra; Attorney General Lawrence Wasden; Secretary of State Lawerence Denney; and Controller Brandon Woolf.


Kevin Richert

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 "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]

Get EdNews in your inbox

Weekly round up every Friday