Alaska Schools Awarded $30 million from Recovery Act
Funding to benefit schools statewide
To keep Alaska’s school districts from facing difficult budgetary shortfalls and allow Alaska schools to focus on educating young Alaskans for future jobs, U.S. Sen. Mark Begich announced nearly $31 million in additional funding for school districts across the state.Authorized by the American Recovery and Reinvestment Act (ARRA), the funds comprise Phase II of the State Fiscal Stabilization Fund (SFSF). This one-time program was created to help provide funding to schools for fiscal years 2009, 2010, and 2011. “Alaska’s teachers are hard at work providing young Alaskans with a strong foundation for a promising future,” Sen. Begich said. “The Recovery Act supported 200 education jobs in Alaska at the end of last year and I am confident these funds will help us continue to invest in our teachers and students. Alaska’s students face many challenges, so I was proud to support the legislation providing this important educational assistance.” Funds are expected to assist schools to develop education initiatives, expand facilities and invest in new technologies. During Phase I of SFSF Alaska received $83 million. For More Information:
Click Here: To view the State of Alaska’s Application.
Click Here: To view information on the State Fiscal Stabilization Fund.In addition to the more than $30 million announced today, the Recovery Act has provided $177 million in funding through 12 different programs to the State of Alaska. The American Recovery and Reinvestment Act is expected to bring an estimated $16 billion and save or create 8,000 jobs in Alaska over two years. Sen. Begich has said about 65 percent of the money will be put to work in projects across Alaska this spring and summer. More information about the American Recovery and Reinvestment Act is available at Recovery.Gov. ###
Posted: May 11, 2010