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State Plans for Spending Federal Fiscal Stabilization Funds ECS National Education Forum July 10, 2009 Michael Griffith Senior School Finance Analyst Education.

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Presentation on theme: "State Plans for Spending Federal Fiscal Stabilization Funds ECS National Education Forum July 10, 2009 Michael Griffith Senior School Finance Analyst Education."— Presentation transcript:

1 State Plans for Spending Federal Fiscal Stabilization Funds ECS National Education Forum July 10, 2009 Michael Griffith Senior School Finance Analyst Education Commission of the States

2 K-12 Provisions in the ARRA Three “Pots” of Funding 1. Increases in Current Programs 2. New Funding Streams 3. New Competitive Grants

3 Funding Guide State ControlFirst Distribution Current ProgramsSome to None End of March (50%) New ProgramsA Great Deal Mid-April (61%) Competitive GrantsVariesFall of 2009

4 What is In an Application? 1. An assurance that the state will fund both K-12 schools and state institutions of higher education at or above fiscal year (FY) levels 2. Identification of how much of their Education Stabilization Funds (81% of total FSF funding) they plan to expend in FY , FY and FY An outline of how they plan to expend their Government Services Funds (19% of total FSF funding).

5 State Applications The first round of state spending applications needed to be submitted by states by July 1 st All fifty states submitted their applications in time 40 states, D.C. and Puerto Rico have had their applications approved

6 Approved Applications 36% of education stabilization dollars were expended in FY % will be expended in FY Leaving 12% for FY states will have 0% remaining for 10-11

7 Dollars Spent $10.8 billion in FY $15.8 billion in FY $3.5 billion in FY

8 K-12 Jobs Created or Saved Estimated numbers based on the applications that have been approved so far: – 101,000 positions in FY – 155,000 positions in FY

9 K-12 vs. Higher Ed. Approved applicants divided their funding 80% on K-12 and 20% to higher education The way that states divided their funding does not necessarily show a commitment, or lack there of, for K-12 over higher education


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