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Idaho Falls school board approves budget

D91 Administration Building

IDAHO FALLS, Idaho (KIFI/KIDK) - The Idaho Falls school board has approved a new FY-21 budget.

In order to hold off a state funding cut, the board will dip into the district’s reserve accounts.

The state has ordered a 1% holdback for Fiscal Year 20 and another 5% holdback for Fiscal Year 2021.  

The school board will use up to $2 million in reserve funds to cover the state cuts. 

Board spokesperson Margaret Wimborne said, “It is not a long-term strategy, but it allows us to get through this next year with minimal cuts and impacts on our classrooms.”

The school board has also ratified its end of a new contract agreement with the Idaho Falls Education Association.   Teachers are holding a virtual ratification meeting this week.

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