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Sunday, September 22, 2019  Spokane, Washington  Est. May 19, 1883
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Eye On Boise

Idaho to continue buying timberland and farmland

Here’s a news item from the Associated Press: BOISE, Idaho (AP) — Idaho officials have decided to continue buying timberland and farmland to generate revenue for public schools following a financial consultant's review of the state's reinvestment plan. The Idaho Land Board voted 4-0 Tuesday to approve the plan with a few modifications as it seeks to generate money from the state's 2.4 million acres of endowment land. The reinvestment plan involves $76 million from the recent sales of commercial and residential real estate, with more money expected from future sales. About $45 million of that belongs to the public schools endowment and the rest split between two smaller endowments. Financial experts say more analysis is needed to know if locking in the smaller endowments with timberland and farmland is prudent.




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Betsy Z. Russell
Betsy Z. Russell joined The Spokesman-Review in 1991. She currently is a reporter in the Boise Bureau covering Idaho state government and politics, and other news from Idaho's state capital.

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