A disagreement over how much endowment money Idaho public schools should get from the State Land Board has led to a one-month delay in making the final decision, Idaho Education News reports.
The land board’s investment manager says it should distribute about $31 million. He also said board should increase the reserve account, which dropped when Luna got a one-time $22 million increase in the distribution in 2010.
State schools chief Tom Luna wants $36.9 million.
“What concerns me is while we are building our reserves, school districts are depleting theirs and many of them have no reserves left at all,” Luna said.