Friday, February 13, 2009

American Recovery & Reinvestment Act of 2009

The House and Senate have conferenced...the legislation is on its way to the President. The anticipated amounts for EETT (along with Title 1, School Improvement, etc.) may be found on the chart developed by the NEA released on February 12th. In 2008, CT received just over $1.98M, in the new legislation, CT should receive almost $4.9M. Details have not been released as to the percentage allocated to formula-based or competitive funds but the suggested percentages are as follows: 3% for state administration, 2% for state evaluation, the remaining 95% would be divided equally between formula-based (which is based on a district's Title 1 allocation) and competitive.

So...what does this mean for your district? In 2009, each district should receive approximately 4 times the amount of formula-based money that it received in 2008.