State Fiscal Stabilization Fund

Posted by Beth DuBose on Jul 13, 2009

By Earle Dean Christian, who has devoted 21 years of her life to furthering education

Grant funds are available as part of the American Recovery and Reinvestment Act. A portion of the funding from the American Recovery and Reinvestment Act will be for the State Fiscal Stabilization Fund (SFSF) program.

The SFSF program includes awarding $5 billion competitively under the “Race to the Top” and “Investing in What Works and Innovation” programs. $4.35 billion has been appropriated to make competitive grants under the “Race to the Top” fund. These grants will help states to drive significant improvement in student achievement. $650 million has been appropriated to make competitive awards under the “Invest in What Works and Innovation” fund. These grants are for LEAs or nonprofit organizations that have made significant gains in closing achievement gaps to serve as models for best practices. More information can be found at: http://www.ed.gov/policy/gen/leg/recovery/presentation/index.html