The Federal Stimulus: An Overview

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Presentation transcript:

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. 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 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 -- 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 $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 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" $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