The state stabilization fund must first be used by states to backfill any cuts they have made to both K-12 and higher education.
School districts looking for a big pot of money from which to draw for their construction projects will probably be disappointed.
The $53.6 billion state fiscal stabilization fund could be used for school renovations.
Still being sorted out is exactly how much money is going to school modernization and state budget stabilization funds.
Sen. Tom Harkin, D-Iowa, told reporters that a deal in the works would restore at least some of the funding cut from the Senate bill for school repair and modernization.
School construction funds and increased education aid to states were still in play as congressional negotiators worked on a compromise for the economic stimulus bill.
The Great GOP Divide among governors was on display yesterday as Republican Florida Gov. Charlie Crist appeared with President Obama during a pep-rally stop in the Sunshine State to tout the economic stimulus package. Florida's schools have been among the hardest hit across the country as cuts have forced them to lay off teachers and trim programs. Legislative leaders predict next year's state budget deficit could reach $5 billion, and already, the governor has pushed through a $2.5 billion package of cuts for this budget year and next. Given his state's dire straits—with a huge home foreclosure crisis ...
The bill, which would provide some $80 billion for education programs, now goes to conference with a House version that would include $140 billion for schools and colleges
U.S. education secretary, Arne Duncan went to Arlington, Va.'s Wakefield High School as part of a public relations push to get Congress to restore $16 billion in school construction money eliminated from the Senate version of the economic stimulus package.
As Congress is poised to spend at least $80 billion on education programs—and possibly much more—President Barack Obama said that more money for schools must be followed by more reform.