Home > Home Page News
February 27, 2009
Pres. Obama signs American Recovery and Reinvestment Act
President Barack Obama signed the American Recovery and Reinvestment Act on Tuesday, February 17, after the House and Senate passed a revised version of the bill last week.
The final agreement restored significant funding for education:
- Increased the State Stabilization Fund from $39 to $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.
- Restored $200 million for teacher incentives and added $50 million for Teacher Quality Grants to improve pre-service education, bringing it back to $100 million.
- $13 billion for Title 1 to help close the achievement gap and enable disadvantaged students to reach their potential.
- Restored $250 million for data collection activities.
- Restored $1.1 billion for Headstart and Early Headstart, raising total back to $2.1 billion.
- Restored $200 million for College Work Study program and $15.6 billion to increase the maximum Pell Grant by $500. This aid will help 7 million students pursue postsecondary education.
- Restored $100 million for Impact Aid.
- $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)
- $12.2 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
National and State Charts for the ARRA:
To learn more about the American Recovery and Reinvestment Act, please visit:
http://www.nea.org/home/29549.htm and the federal government's website: http://www.recovery.gov/