Proposed ed. funds in stimulus package

This is information from Knowledge Alliance posted by Jim Kohlmoos:

A major coup! Education in the Stimulus Package --- During the Obama ed policy reception on Inauguration Day(see above) there was lots of chatter about the “victory” for education in the proposed $825 billion stimulus billion package which contains $142 billion for education. Indeed the Obama team negotiated hard for education with House Congressional leaders. There is some talk about how this injection of new funding when added to existing funding levels will become the new base for future appropriations. This is very big stuff for all of us. Here is a review:

· $41 billion to local school districts through Title I ($13 billion of which $2 billion is allocated to the school improvement fund), IDEA ($13 billion), a new School Modernization and Repair Program ($14 billion), and the Education Technology 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 distributed through existing state and federal formulas, $15 billion to states as bonus grants as a reward for meeting key performance measures, $25 billion to states for other high priority needs such as public safety and other critical services, which may include education, and $250 million for state longitudinal data systems..
* $15.6 billion to increase the Pell grant by $500.
* $6 billion for higher education modernization.