State Stabilization

Council of Chief State School Officers (CCSSO) Response to ED’s State Fiscal Stabilization Fund Notice

Council of Chief State School Officers (CCSSO) Response to ED’s Race to the Top and State Fiscal Stabilization Fund Notices
 
On August 28, ED closed the public comment period for response to the proposed priorities, requirements, definitions, and selection criteria for the $4.35 billion Race to the Top Fund (RTTT) and the remaining State Fiscal Stabilization Fund, Phase II (SFSF). The RTTT notice outlined ED’s vision for $4 billion of the fund, while the remaining $350 million of RTTT set aside for assessments will be part of a later competition with more information to come. CCSSO filed comments in response to both notices.
 
To view the final comments submitted for SFSF, click here 

ODE OFA Information Brief for the SFSF: August 25, 2009


Oregon Department of Education

Office of Finance and Administration

INFORMATION BRIEF

August 25, 2009 

State Fiscal Stabilization Funds for K-12



 

On February 17, 2009, President Obama signed into law the American Recovery and Reinvestment Act (ARRA) of 2009.  This act provides federal support to schools through increased funding for programs such as Title 1 and special education as well as through the State Fiscal Stabilization Fund (SFSF), which is a new, one-time appropriation made to governors in exchange for a commitment to advance certain education reforms.

This brief is intended to 1) provide an overview of the State Fiscal Stabilization Fund dollars used in the K-12 education budgets adopted by the 75th Oregon Legislative Assembly for 2007-09 and 2009-11 and 2) confirm that the assurances in districts’ original SFSF applications to the Oregon Department of Education (ODE) apply to 2009-10 and 2010-11 SFSF grants.

District SFSF Application Documents

Below please find the email and attached forms for Oregon school districts to apply for the first round of federal State Fiscal Stabilization Funds.  ODE is requesting that the completed application be returned to the Department by May 11th.

The May 1 SFSF Application Overview Webinar is also available here: OVERVIEW, May 1

Stabilization(SFSF) District Allocations

SFSF DISTRICT aLLOCATIONS ARE ATTACHED AS A WORD DOCUMENT BELOW

  1. VIEWABLE ON LINE HERE

$115.4 SFSF payment clarification

Thanks to all who participated in ODE’s April 17th Stimulus Implementation Webinar.  Since Friday, we’ve received many questions regarding the $115.4 SFSF payment and whether or not it can be considered additional money.  

Update USDOE State Stabilization Guidance to States-April 1

 April 1, 2009
 Dear Governor:
 Congress passed and the President signed the American Recovery and Reinvestment Act (ARRA) to create jobs in the short run and make needed investments for the long term. And no investment is more important than education. As the President said recently, “Economic progress and educational achievement have always gone hand in hand in America.” That is why this sweeping economic recovery package provides the largest one-time Federal investment in education in our nation’s history, more than $100 billion to help save and create teaching jobs, preserve needed learning programs, and increase college access. At the same time, the ARRA lays a foundation to reform America’s schools, invest in proven solutions to help our students succeed, and cultivate a new culture of accountability for teaching and learning.

2007-2009 Legislative Education Stimulus Action

 The Legislature is using $115.4 million in federal stabilization funds for K-12 but it is all in the State School Fund.  Here's the breakdown of school funding, by fund source and by "program".

Overview: Oregon $570,246,373

Estimated state grants are based on U.S. Census Bureau, 2007 American Community Survey (ACS) data and were determined as follows: 61% based on each state's relative share of the population ages 5-24 and 39% based on each state's relative share of the total population.

Education Relevant: School Modernization


Funds from State Fiscal Stabilization Fund in Division A of the American Recovery and Reinvestment Act of 2009 (ARRA) may be used "for modernization, renovation, or repair of public school facilities and institutions of higher education facilities" [page 166, Sec. 14002(b)]. The School Construction Tax Credits in Division B of the ARRA ― also cited as the American Recovery and Reinvestment Tax Act of 2009 (ARRTA) ― may be used for "the construction, rehabilitation, or repair of a public school facility, or for the acquisition of land on which such a facility is to be constructed" [page 166, Sec. 14002(b)].

March 6th Federal Directive

                
STATE FISCAL STABILIZATION FUND

The State Fiscal Stabilization Fund (SFSF) program is a new one-time appropriation of
$53.6 billion under the American Recovery and Reinvestment Act of 2009 (ARRA). Of the
amount appropriated, the U. S. Department of Education will award governors approximately
$48.6 billion by formula under the SFSF program in exchange for a commitment to advance
essential education reforms to benefit students from early learning through post-secondary
education, including: college- and career- ready standards and high-quality, valid and reliable
assessments for all students; development and use of pre-K through post-secondary and career
data systems; increasing teacher effectiveness and ensuring an equitable distribution of qualified
teachers; and turning around the lowest-performing schools.

Education Relevant: Part III-Tax Credit Bonds for Schools

PART III — TAX CREDIT BONDS FOR SCHOOLS

SEC. 1521. QUALIFIED SCHOOL CONSTRUCTION BONDS.

  1. In General. — Subpart I of part IV of sub-chapter A of chapter 1 is amended by adding at the end the following new section:

'SEC. 54F QUALIFIED SCHOOL CONSTRUCTION BONDS.

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