Idaho's public schools are about to get a much-needed infusion of cash.
This morning, the Idaho State Board of Land Commissioners voted unanimously to approve an 11.8 percent increase in distributions to its beneficiaries, and one of the biggest winners will be Idaho K-12 schools and public universities.
In all, public schools, including Idaho State University, the Idaho School for the Deaf and Blind, the University of Idaho and Lewis-Clark State College, will see a nearly $4 million increase in funds in Fiscal Year 2017—a 12.1 percent increase over FY 2016—for a total of $36.7 million. A list of other beneficiaries can be found here.
The Land Board derives its funds from managing Idaho's 2.4 million acres of state endowment trust lands. Distributions to schools and other beneficiaries, like the state's correctional facilities, are only raised when the Land Board believes increases can be sustained. For the past five fiscal years, Idaho's lands have generated annual 12 percent increases in revenue, prompting this morning's announcement.