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House Bill 345 – Charter School Revolving Loan Fund, Trailer Appropriations FY23

House Bill 345 – Charter School Revolving Loan Fund, Trailer Appropriations FY23

Niklas Kleinworth
March 21, 2023

The Idaho Spending Index serves to provide a fiscally conservative perspective on state budgeting while providing an unbiased measurement of how Idaho lawmakers apply these values to their voting behavior on appropriations bills. Each bill is analyzed within the context of the metrics below. They receive one (+1) point for each metric that is satisfied by freedom-focused policymaking and lose one (-1) point for each instance in which the inverse is true. The sum of these points composes the score for the bill.

Analyst: Niklas Kleinworth

Rating: 0

Bill Description: House Bill 345 is a trailer appropriation for Senate Bill 1043 that transfers $50 million to the Charter School Revolving Loan Fund.

Senate Bill 345 seeks to transfer $50 million from the General Fund to the newly-created Charter School Revolving Loan Fund. This fund would provide state support to help new charter schools obtain loans to construct new facilities or perform large maintenance projects. This fund works by opening opportunities for charter schools to apply for loans at lower interest rates — like those offered to district schools.

Does this budget incur any wasteful spending among discretionary funds, including new line items? Conversely, does this budget contain any provisions that serve to reduce spending where possible (i.e. base reductions, debt reconciliation, etc.)? 

This appropriation is consistent with the fiscal note accompanying Senate Bill 1043 and makes the appropriations effective immediately. There is no evidence of wastefulness in this appropriation.


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