American Recovery and Reinvestment Act

Kim CarterUncategorized

By Katie O’Neal

As part of the $787 billion American Recovery and Reinvestment Act, which President Obama signed just last week, education stands to receive almost $115 billion.  This amount, which is staggering at nearly twice the amount spent on education in fiscal year 2009, reaffirms the administration’s campaign promises of a dedication to education funding.

Stimulus Pie

As the money is distributed, you can track where it’s going at:

Though there were differences in the House and Senate versions of the bill, the final stimulus includes:

$39.5 B of the state stabilization fund for schools
$5 B incentive fund within the stabilization fund
$10 B for Title I programs for disadvantaged students
$3 B for Title I school improvement grants
$11.7 B for state grants for special education
$1.1 B for Early Head Start
$1 B for Head Start
$2 B for the Child Care Development Block Grant
$250 M for state data systems
$100 M for teacher-quality state grants
$200 M for the Teacher Incentive Fund
$650 M for education technology