Plans are announced to disburse to education programs $48.6 billion in state fiscal stabilization funds

The American Recovery and Reinvestment Act of 2009 (ARRA) appropriated an unprecedented $115 billion in federal funds for education programs. ARRA allocated $53.6 billion to the State Fiscal Stabilization Fund (SFSF) for one-time appropriations to state governors to help stabilize state and local budgets that have been negatively impacted by the current economic recession. [More]