Application for Part 1 of Indiana's State Stabilization Funds Approved Today
May 18, 2009
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U.S. Secretary of Education Arne Duncan today announced that more than $765 million is now available for Indiana under the American Recovery and Reinvestment Act (ARRA) of 2009. This funding will lay the foundation for a generation of education reform and help save hundreds of thousands of teaching jobs at risk of state and local budget cuts. Indiana will be eligible to apply for another $242 million this fall. Today's funding is being made available per Indiana's successful completion of Part 1 of the State Stabilization Application, which was made available on April 1.
"The $765 million Indiana will receive today is part of the single largest boost in education funding in recent history," said Duncan. "The president's leadership and support from Congress have made this historic investment possible. Indiana can now utilize these funds to save jobs and lay the groundwork for a generation of education reform."
To date, Indiana has received more than $228 million in education stimulus fundsrepresenting a combination of funding for Title I, the Individuals with Disabilities Education Act (IDEA), Vocational Rehabilitation Grants and Independent Living Grants. On April 1, Indiana received more than $84 million in Title I funding and $136 million in IDEA funding. This represents 50 percent of the Title I and IDEA funding Indiana is eligible for in total. On April 1, Indiana also received $6 million in Vocational Rehab funds and $1 million in Independent Living funds.
In order to receive today's funds, Indiana provided assurances that it will collect, publish, analyze and act on basic information regarding the quality of classroom teachers, annual student improvements, college readiness, the effectiveness of state standards and assessments, progress on removing charter caps, and interventions in turning around underperforming schools.
Indiana is also required by the Department of Education to report the number of jobs saved through Recovery Act funding, the amount of state and local tax increases averted, and how funds are used.
See Indiana and other state applications for initial funding under the State Fiscal Stabilization Fund Program at http://www.ed.gov/programs/statestabilization/resources.html.
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