Stimulus Response
Mar 1, 2010 12:00 PM, By Mike Kennedy (mkennedy@asumag.com)
Federal funds have helped schools and universities stay afloat, but states' education budgets remain in woeful shape.
Follow-up stimulus
Many members of Congress who feel the 2009 stimulus package hasn't done enough to jump-start the economy are supporting another federal injection of funds.
The House of Representatives approved the “Jobs for Main Street Act” in December 2009. In February, the Senate was considering a smaller jobs bill with less funding earmarked for education.
The House bill would create a $23 billion Education Jobs Fund that would go to school districts or public colleges and universities to support creating or preserving about 250,000 jobs over the next two years. It also includes $4.1 billion in federal grants to subsidize the cost of school construction, rehabilitation or repair.
The Senate bill would allocate $2.3 billion to expand the Build America Bonds program, which education institutions can use to subsidize interest costs for construction projects.
Education advocates urged Congress to provide help for schools.
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