State Schools Supt. Tom Luna’s proposed 5.9 percent budget increase for public schools next year has dropped to 5.4 percent, Clark Corbin of Idaho EdNews reports, but not because Luna’s changed what he’s asking for. Instead, a recent decision by the PERSI board to hold off on a scheduled rate increase, due to strong earnings in the pension fund, changed the overall numbers. The Public Employee Retirement System of Idaho covers state and local government employees, school district employees and more; PERSI is among benefit costs built into calculations for all state agency budgets.
Tim Hill, deputy superintendent for public school finance, told Corbin the PERSI change made a $7.2 million difference in the public school budget calculations. Now, Luna’s proposed increase for next year comes in at $69.9 million, down from the previous $77 million; you can read Corbin’s full report here.
Betsy Z. Russell covers Idaho news from The Spokesman-Review's bureau in Boise.
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