The first money from a landmark state facilities law has gone out to schools.
The payments went out Oct. 30 — a $514 million down payment on the $1 billion that will go out this school year.
The money comes from House Bill 521, an omnibus bill that marks the state’s largest investment in repairing and replacing local schools. The state is issuing $1 billion in bonds to cover some of the state’s facilities backlog.
“This funding will mean different things for different districts, whether it be fixing a leaky roof, improving HVAC systems, creating additional learning spaces and more,” state superintendent Debbie Critchfield said in a news release Tuesday. “Whether a school is making a small repair or a large expansion, they are now better equipped to make changes that directly benefit students, teachers and their wider educational communities.”
The remainder of the $1 billion will likely go out to schools in late December and February.
The payments, based on average daily school attendance, vary widely by district. The West Ada School District, Idaho’s largest district, will receive $140 million. The tiny Three Creek elementary district in rural Twin Falls County will receive less than $26,000.
Districts can take their cut of the $1 billion in a lump sum, or in annual installments over a decade.