Eye On Boise

‘Remembering where this money’s going and who it’s supporting’

Idaho state Land Board meets on Tuesday morning, hears from state Lands Director Tom Schultz (Betsy Russell)
Idaho state Land Board meets on Tuesday morning, hears from state Lands Director Tom Schultz (Betsy Russell)

Idaho’s state Land Board heard a “year in review” presentation this morning culminating in the presentation of a giant facsimile of a check for $31,292,400 to high school students, made out to “Idaho’s Public Schools.” Capital High School choir students who attended the ceremony also performed earlier in the statehouse rotunda. State Lands Director Tom Schultz said it’s part of “remembering where this money’s going and who it’s supporting.” Idaho’s state endowment, including both endowment lands and the state’s permanent endowment fund, are a trust, with proceeds going to support specific beneficiaries, the largest of which is the state’s public schools. In the past year, the endowment distributed $46 million, with $31.3 million going to schools. Other endowment beneficiaries  include colleges and universities, state hospitals and prisons.

The year-in-review presentation highlighted a timber sale for 2012 of more than $50 million; the planting of nearly 1.5 million trees; the final stage of the “lot solutions” process to prepare state-owned cottage sites for future sale or exchange; and two land exchanges, one trading the McCall Outdoor Science School property for commercial property in Idaho Falls, and the Camas Prairie land exchange with Bennett Industries, which swapped 2,900 acres of timber land for 1,200 acres of highly productive farmland and 450 acres of timber land.

State lands staff also noted that though Idaho had one of its worst fire seasons in history, only half the 20-year average burned on state-protected wildlands.

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Betsy Z. Russell
Betsy Russell covers Idaho news from the state capitol in Boise and writes the Eye on Boise blog.

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