New Jobs Bill Offers $23 Billion for Education
Cash-strapped school districts hoping to avert layoffs could get a boost from legislation approved by the U.S. House of Representatives Dec. 16 that is intended to provide a jolt to the sluggish economy, in part by creating a $23 billion “education jobs fund.”
Districts and states could use the money to restore cuts to K-12 and higher education to cover the cost of compensation and benefits for teachers and other employees. The funds could also be used for services related to school modernization, renovation, and repair.
The money—which would be in addition to the infusion of up to $100 billion in education aid provided under the American Recovery and Reinvestment Act—would come from the Troubled Asset Relief Program, or TARP, which was intended to help...
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