Monday, April 27, 2009

Duncan Makes $44 Billion in Education Funding Available to States

Secretary of Education Arne Duncan recently announced the availability of $44 billion to states and schools as the first round of funding under the American Recovery and Reinvestment Act (ARRA). Of the $44 billion, $11.4 billion went out to states on April 1 through the Title I, IDEA, Vocational Rehabilitation, and Independent Living programs. The remaining $32.6 billion under the State Fiscal Stabilization Fund (SFSF) will help states balance budgets and avoid reductions in education and other essential public services.

“…It’s critical that money go out quickly but it’s even more important that it be spent wisely,” Duncan said. “The first step toward real and lasting reform that will ensure our students’ competitiveness begins with absolute transparency and accountability in how we invest our dollars, educate our children, evaluate our teachers, and measure our success….” Of the $32.6 billion in SFSF funds, $26.6 billion is dedicated to ensuring that local school districts and public institutions of higher education have the resources to prevent cuts to education funding and retain teachers and professors, while $6 billion can go toward education, public safety, or other government services. Before a state can receive these funds, it must first submit an application to the U.S. Education Dept. (ED) providing assurances that it is committed to advancing education reform in the 4 specific areas mentioned in the ARRA:
  1. Making improvements in teacher effectiveness and ensuring all schools have highly qualified teachers.
  2. Making progress toward college- and career-ready standards and rigorous assessments that will improve both teaching and learning.
  3. Improving achievement in low-performing schools by providing intensive support and effective interventions in schools that need them the most.
  4. Gathering information to improve student learning, teacher performance, and college- and career-readiness through enhanced data systems that track progress.

Source: http://www.ed.gov/programs/statestabilization/2009-394-cover.pdf

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