|Federal stimulus package targets funding for local school districts|
The House and Senate completed negotiations yesterday on a compromise $789 billion economic recovery package that includes approximately $100 billion for education. The House is expected to approve the measure later today, followed by final Senate action today or tomorrow, and presentation to the White House by Monday.
The $53.6 billion State Fiscal Stability Fund includes $40.6 billion for local school districts to "prevent teacher layoffs and education cuts by the states." Estimates are that Oregon's share of the education portion of the fund is $475.5 million, which is intended to be distributed using existing funding formulas and "can be used for preventing cutbacks, preventing layoffs, school modernization or other purposes." The remainding $13 billion of the State Fiscal Stability Fund includes $8 billion to state for "other high priority needs such as public safety and other critical services, which may include education," and $5 billion to states "as bonus grants for meeting key performances measures in education." Specific funding for school construction was eliminated after House and Senate negotiations.
Other education-related allocations in the American Reinvestment and Recovery Act (AARA) include:
For a more detailed look at AARA information, visit the House Committee on Rules AARA information, or see: AARA State Allocation Tables, AARA Conference Report and Allocation Tables, AARA Side-by-Side Comparison. These documents were provided by Rob Larson and Pat Burk of the Oregon Department of Education.
|This page was last updated on Wednesday, February 18, 2009 .|