- A new report from the Center on Education Policy asserts that $100 billion in education aid from the federal economic-stimulus program achieved its goals of preserving and creating K-12 education jobs.
- "What Impact Did Education Stimulus Funds Have on States and School Districts?" uses data from previous CEP reports to evaluate the impact of the stimulus money.
- CEP surveys showed that the $48.5 billion State Fiscal Stabilization Fund helped 52% of school districts experiencing budget cuts to make up for lost dollars.
From the article:
The federal economic-stimulus program's $100 billion in education aid largely met its goals of preserving or creating K-12 jobs and jump-starting education-redesign efforts at the state level, according to a new study from the Center on Education Policy, a research organization in Washington.
A series of surveys by the CEP looked at the impact of the American Recovery and Reinvestment Act, passed in 2009, which poured emergency aid into the states to help alleviate the effects of the Great Recession and wound up giving K-12 education its biggest windfall ever. The ARRA was followed by the $10 billion Education Jobs Fund, which was created in the summer of 2010. ...