the federal stimulus an overview n.
Download
Skip this Video
Loading SlideShow in 5 Seconds..
The Federal Stimulus: An Overview PowerPoint Presentation
Download Presentation
The Federal Stimulus: An Overview

Loading in 2 Seconds...

play fullscreen
1 / 7

The Federal Stimulus: An Overview - PowerPoint PPT Presentation


  • 55 Views
  • Uploaded on

The Federal Stimulus: An Overview. Janice Palmer, ASBA Director of Governmental Relations. American Recovery & Reinvestment Act of 2009 -- Overview. $787 Billion nationwide 640,329 jobs saved nationwide as of Oct. 30 th 12, 283 jobs saved in Arizona

loader
I am the owner, or an agent authorized to act on behalf of the owner, of the copyrighted work described.
capcha
Download Presentation

PowerPoint Slideshow about 'The Federal Stimulus: An Overview' - malia


An Image/Link below is provided (as is) to download presentation

Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author.While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server.


- - - - - - - - - - - - - - - - - - - - - - - - - - E N D - - - - - - - - - - - - - - - - - - - - - - - - - -
Presentation Transcript
the federal stimulus an overview

The Federal Stimulus: An Overview

Janice Palmer, ASBA Director of Governmental Relations

american recovery reinvestment act of 2009 overview
American Recovery & Reinvestment Act of 2009 -- Overview
  • $787 Billion nationwide
    • 640,329 jobs saved nationwide as of Oct. 30th
      • 12, 283 jobs saved in Arizona
      • Ranked 17th in the number of saved jobs by state
    • On approved applications, only 12% of funds are left in FY11
    • 19 states have 0% left for FY11; Arizona is one of them
    • Secretary Duncan currently on “listening tour” regarding the Elementary and Secondary Education Act (ESEA) reauthorization
      • Stimulus efforts, especially Race to the Top, will help shape ESEA reauthorization
american recovery reinvestment act of 2009 arizona
American Recovery & Reinvestment Act of 2009 -- Arizona
  • For Arizona, $1.12 billion for the State Fiscal Stabilization Fund -- application approved June 10th
    • $832 million provided for education
      • Have received 2/3 or $557 million in Phase I
      • Phase II -- Applications due January 11th
        • $275 million earmarked for Arizona
        • Must report on the indicators and descriptors of each of the four assurances
    • Maintenance of Effort: State Funding cannot drop below FY 06 funding levels as long as federal funds exist
    • Four assurances required
      • Great Teachers Great Leaders
      • Data Collection and Use
      • Standards and Assessments
      • Support Struggling Schools
american recovery reinvestment act of 2009 arizona1
American Recovery & Reinvestment Act of 2009 -- Arizona
  • Title I grants -- $194.9 million for Arizona
    • $97.5 million awarded (~50% of allocation)
  • Special Education/IDEA -- $194.2 million for Arizona
    • ~50% has been awarded
    • Title I and IDEA funds must be obligated by September 30, 2010
    • Five-Year Spending Clock -- All federal funds must be spent by September 30, 2015
  • Energy Grants -- $20 million
    • Energy Efficiency -- $12.9 million
    • Solar -- $5.5 million
    • Administration -- $1.6 million
other federal stimulus funds
Other Federal Stimulus Funds
  • $650 million -- Investing in Innovation Fund (i3 Funds)
    • Non-profits and LEAs eligible to apply; competitive grants
    • All applications due in early spring 2010
    • Key elements to be considered are:
      • Success in closing achievement gaps
      • Significantly increase student academic achievement
      • Significant improvement in graduation rates, high-quality teachers, and school leaders
      • Demonstrate private sector partnerships for sustainability and scalability
    • All funds must be obligated by September 30, 2010
  • $245 million -- Statewide Longitudinal Data Systems
    • Between $2-20 million per grantee over three-year period
    • SEAs must apply; ADE is applying for $15 million
    • Application Deadline -- December 4, 2009; earliest available funds May 2010
other federal stimulus funds1
Other Federal Stimulus Funds
  • $3.5 billion -- Struggling Schools Improvement Grants
    • Applications due February 8th, 2010
    • Requires each state to identify the bottom 5% of its Title I schools in school improvement status
    • Must use one of four intervention strategies:
      • Transformations
      • Turnarounds
      • Re-starts
      • Closures
    • Secretary Duncan will grant waivers for low-performing secondary schools that are eligible for Title I funds but do not receive them.
race to the top
"Race to the Top"
  • $5 billion nationwide
    • $4 billion -- State Competitive
      • Governor must apply; application must be signed by the Governor, Superintendent of Public Instruction, and State Board of Education President
      • Three types of priorities: Absolute, Competitive Preference, and Invitational
      • 50% required to flow to LEAs
      • Phase I -- January 19th application deadline; Winners announced March 2010
      • Phase II -- June 2010 application deadline; Winners announced September 2010