In his State of the Union address on January 27, 2010, President Obama called for greater investment in the nation's public schools. The President's budget proposal for fiscal year 2011, scheducled for release on February 1, includes an increase of up to $4 billion for k-12 education which is 6.2% increase compared to fiscal year 2010. $1.35 billion of the increase is targeted for an expansion of the Race to the Top grant competition.
The president plans to make $1 billion of the increased funding contingent upon Congress passing legislation to reauthorize the Elementary and Secondary Education Act, which is currently called the No Child Left Behind Act.
Please use the link below for more information published by Education Week.