Details of federal stimulus package slowly emerge
Details about the federal stimulus package and its assistance for schools are beginning to emerge today, according to a variety of sources. Here is the latest from the Senate and House Appropriations Committees.
As Oregon Department of Education's Rob Larson reported a short time
ago, the package contains "Investments in Education and Training" that
- $53.6 billion for the State Fiscal Stabilization Fund,
including $39.5 billion to local school districts using existing
funding formulas, which can be used for preventing cutbacks, preventing
layoffs, school modernization, or other purposes; $5 billion to states
as bonus grants for meeting key performance measures in education; and
$8.8 billion to states for high priority needs such as public safety
and other critical services, which may include education and for
modernization, renovation and repairs of public school facilities and
institutions of higher education facilities.
- $13 billion for Title 1 to help close the achievement gap and enable disadvantaged students to reach their potential.
billion for Special Education/IDEA to improve educational outcomes for
disabled children. This level of funding will increase the Federal
share of special education services to its highest level ever.
- $15.6 billion to increase the maximum Pell Grant by $500. This aid will help 7 million students pursue postsecondary education.
- $3.95 billion for job training including State formula grants for adult, dislocated worker, and youth programs (including $1.2 billion to create up to one million summer jobs for youth).
Additional information, including the rules and guidelines associated with the stimulus package, is expected over the course of the next several days.
This page was last updated on Friday, February 13, 2009 .