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STATE FISCAL STABILIZATION FUNDS FOR EDUCATION
National Fund Total: $48.6 billion
North Carolina Estimate: $1.16 billion
Funding is formula driven
STATE FISCAL STABILIZATION FUNDING EXPIRED 9/30/11; NO NEW APPLICATIONS ARE BEING ACCEPTED FOR STATE FISCAL STABILIZATION FUNDS.
To receive State Fiscal Stabilization Funds (SFSF), each state's governor must assure that the funds will be used to restore the level of state support of public education through FY 2011 (this includes primary and post-secondary education in addition to K-12). Gov. Perdue also must assure that the state will maintain the same level of support in FY 2009 through FY 2011 as it did in FY 2006.
As a condition of receiving these funds, states must commit to improving results for all students and advancing education reform by:
- Increasing teacher effectiveness and equitable distribution of highly qualified teachers.
- Adopting rigorous college- and career-ready standards and assessments.
- Targeted, intensive support and effective interventions to turn around struggling schools.
- Establishing data systems and using that data for improvement at the district level.
State Fiscal Stabilization Fund, Phase II Application and Reporting Requirements
In addition to the requirements listed above, each state must report on a variety of data that has not previously been reported to the federal government.
North Carolina SFSF Phase II Application, Amended