BLACKFOOT — Idaho's public schools will receive an additional $60 million in state funding and local school districts are hoping to use the funds to offset budget cuts and add cushion to slim budgets.
The funding is a result of increased tax receipts for fiscal year 2011. The state received $2.44 billion from all forms of tax receipts—sales, income and corporate—in the past 12 months. That was $85.3 million more than the most recent Division of Financial Management projection in January, and 7.95 percent ahead of total tax receipts in fiscal 2010.
