• Review NAESP's funding chart outlining the education funds in ARRA here.
  
  
• NAESP support letter for ARRA final passage with signatures from 51 principals' associations

• Download PowerPoint slides from Marshall Smith's presentation on April 5 at the NAESP Convention!

• See how your state and school districts could fare:

• NEW! Check out the latest resource from the Department of Education with more details on ARRA funds: Saving and Creating Jobs and Reforming Education
  
  
• Dept. of Education’s ARRA cover letter for the fact sheets (March 2009)
  
  
• State Fiscal Stabilization Fund (SFSF) fact sheet and guidance
  
  
• Title I fact sheet and guidance
  
  
• IDEA fact sheet and guidance

New information from the U.S. Department of Education

The following Powerpoint presentation (specifically Slides 5, 6, and 7) provide a good summary of the breakdown of the available dollar amounts, and what has been distributed thus far.
http://www.ed.gov/policy/gen/leg/recovery/presentation/funds-metrics.ppt

Read Using ARRA Funds to Drive School Reform and Improvement on the Department of Education’s Web site:
http://www.ed.gov/recovery/

Check out the blog on Secretary Duncan's Listening & Learning Tour:
http://www.edgovblogs.org/duncan/topic/listening-tour/


What Do You Need to Know About ARRA?

Due to the unprecedented monetary investment education received in ARRA, educators are beginning to wonder how the money will be delivered to local schools; how the money can be used; and, what restrictions will be placed on the funds? Some of these questions will need to be answered via guidance from the Department of Education, but here's the information we have so far:

• Title I and the IDEA funds will be delivered to local school districts via their typical federal formulas (U.S. Department of Education to state departments of education to local districts).
• All money received as a result of ARRA is intended to be spent "quickly and wisely" according to Congress and the U.S. Department of Education. They do not want states and schools to hold onto the money. This is short-term stimulus.
• States will receive $53.6 billion as part of the State Fiscal Stabilization Fund (SFSF), a pot of flexible funds in ARRA. The SFSF monies are meant to help alleviate state budget shortfalls, but certain requirements will need to be met in order for a large portion of the funds to be released via existing education formulas (see the SFSF fact sheet, below).
• There are basically four "pots" of funds for K-12 education in ARRA: Title I, IDEA, the "Race to the Top" funds, and the SFSF.