President Obama's 2011 education budget signals a bold new direction for federal K-12 education policy with more competitive funding, more flexibility and a focus on the reforms likely to have the greatest impact on student success.
All told, the president's budget includes $49.7 billion for the Department of Education's discretionary programs, an increase of $3.5 billion over fiscal year 2010. The budget also includes $173 billion in loans, grants, tax credits and work-study programs to help students go to college.
The proposed budget includes a $3 billion increase in competitive funding for the Elementary and Secondary Education Act (ESEA), the largest increase ever requested for programs under the 1965 law. This includes $1.35 billion to continue Race to the Top, $500 million for the Investing in Innovation Fund, more money for school turnarounds, charters, school safety and programs around preparing, retaining, and rewarding effective teachers and leaders. See the full story here.
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