U. S. Secretary of Education Arne Duncan today announced that an additional $255,794,562 is now available for Tennessee under the American Recovery and Reinvestment Act (ARRA) of 2009. To date, Tennessee has received $1,569,579,787 through the Recovery Act. The state recently reported that recovery dollars have been used to provide funding for more than 3,700 education jobs from Oct. 1 to Dec. 31, 2009, while also supporting programs that drive education reform.
To the best of my knowledge, this eligibility for Phase II of State Fiscal Stabilization Funds is separate from the State's application for a Race to the Top Grant.
For additional information, go here.
UPDATE: This additional phase-in of stabilization funds was already estimated in the Governor's proposed budget for this year and therefore, does not have an impact on the current budget considerations.
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