Empowering Healthy Kids Blog

Via eSchools:

Some $20 billion for school modernization and $1 billion for educational technology are among nearly $150 billion in funding targeted toward education in the House version of the new economic stimulus package, which lawmakers introduced Jan. 15.

Specifically the education portion includes:

• $41 billion to boost learning in local K-12 school districts through Title I ($13 billion), IDEA ($13 billion), a new School Modernization and Repair Program ($14 billion), and the Education Technology block-grant program ($1 billion);

• $79 billion in state fiscal relief to prevent cutbacks to key services, including $39 billion to local school districts and public colleges and universities using existing formulas, $15 billion to states as bonus grants for meeting key performance measures, and $25 billion to states for other high-priority needs, such as preventing the layoffs of public safety and other critical employees, including teachers;

• $6 billion in school modernization funds for colleges and universities; and

• Funding to make college more affordable, including $15.6 billion to increase the maximum Pell Grant amount by $500, from $4,850 to $5,350, and tax credits for up to $2,500 per year spent in college tuition.

Democratic leaders in Congress have pledged to have a bill ready for Obama to sign by mid-February.

This entry (Permalink) was posted on Monday, January 26th, 2009 at 11:43 am and is filed under schools, usa, funding. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response , or trackback from your own site.