Thursday, May 7, 2009

FY 2010 Federal Education Budget

The Obama Administration released details of the President's FY 2010 federal budget today.

Here is a fact sheet from the Office of Management and Budget.
Here is full education budget proposal.

In education, there are number of notable increases with regard to teaching and learning:
  • The Teacher Incentive Fund would receive a five-fold increase and would focus on more than just teacher compensation reform, but also a broader range of activities to improve teaching quality
  • A seven-fold increase in School Improvement Grants -- which can be used for professional development -- from $606 million to $4.5 billion
  • A $15 million appropriation for Teach For America
  • $100 million more for the ARRA-authorized What Works and Innovation Fund
  • $10 million increase to the School Leadership program to expand efforts to recruit, train, and retain principals and assistant principals in high-need school districts
There are also several initiatives and programs focused on college access and completion:
  • The maximum Pell Grant award is increased by $200, to $5,550. It also shifts the Pell program to the mandatory side of the budget and ties future Pell increases to the Consumer Price Index-plus-1 percentage point.
  • $500 million in 2010 for a new five-year Access and Completion Incentive Fund to support innovative state efforts to help low-income students succeed and complete their college education.

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