Are states following stimulus plan rules for schools? - CNN.com:
"Creating and saving jobs while boosting investment in the future are among the top goals of the Obama administration's $787 billion economic stimulus plan."
And according to a preliminary report on stimulus funding for schools by the Department of Education and the Domestic Policy Council, the stimulus plan has created jobs.
State governments have created and saved at least 250,000 education jobs -- and restored nearly all their projected education budget shortfalls for fiscal years 2009 and 2010 -- according to preliminary findings released Monday by the White House.
But some states that used the funds to fill existing budget gaps could face a crisis when the money runs out after 2010. And the Department of Education has chastised certain states for their stimulus funding programs and warned them that they risk their chances at getting other DOE grants down the road.
The stimulus funds appropriated $48.6 billion for the State Fiscal Stabilization Fund to help keep and create jobs and advance education reforms over a period of two years, the report said. The program dedicates $39.8 billion for public elementary, secondary and higher education and other services. Another $8.8 billion will go for other activities such as public safety or government services.
"To date, $35.5 billion of the SFSF allotment has been obligated and $13.2 [billion] is forthcoming," the report added.
"Creating and saving jobs while boosting investment in the future are among the top goals of the Obama administration's $787 billion economic stimulus plan."
And according to a preliminary report on stimulus funding for schools by the Department of Education and the Domestic Policy Council, the stimulus plan has created jobs.
State governments have created and saved at least 250,000 education jobs -- and restored nearly all their projected education budget shortfalls for fiscal years 2009 and 2010 -- according to preliminary findings released Monday by the White House.
But some states that used the funds to fill existing budget gaps could face a crisis when the money runs out after 2010. And the Department of Education has chastised certain states for their stimulus funding programs and warned them that they risk their chances at getting other DOE grants down the road.
The stimulus funds appropriated $48.6 billion for the State Fiscal Stabilization Fund to help keep and create jobs and advance education reforms over a period of two years, the report said. The program dedicates $39.8 billion for public elementary, secondary and higher education and other services. Another $8.8 billion will go for other activities such as public safety or government services.
"To date, $35.5 billion of the SFSF allotment has been obligated and $13.2 [billion] is forthcoming," the report added.
