The American Recovery and Reinvestment ACT (ARRA) will provide additional Title I and IDEA funding for all schools. So far, we have estimates of additional grants for the current FY09 and FY10 years. You can get an a idea of all the amounts at this House.gov site or this Department of Education site. But, we think CMSD will receive around $3M divided between this budget year and next budget year. We think we will have 3 years to obligate the funds. As far as we know right now, the rules and policies for how to spend the funds will follow the same guidelines already in place for Title I and IDEA funds.
Now, the extra funds from this part of the ARRA are different from the funds schools are likely to receive from the "state stabilization funds." These funds will flow through Jackson and our best guess is they will be used to restore full funding to MAEP in the current FY09 year and to fully fund FY10.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment