SACRAMENTO, Calif. /California Newswire/ — Governor Arnold Schwarzenegger released the statement below following the California Department of Education’s announcement of the allocation of $883 million in American Recovery and Reinvestment Act (Recovery Act) State Fiscal Stabilization Funding (SFSF) to local education agencies for categorical program restoration. California was the first state in the nation to receive SFSF funding and it was the first state to begin immediately passing these dollars on to local education entities to protect teacher’s jobs.
Today’s allocation represents the remainder of the $2.56 billion in SFSF funds for K-12 education received by the state thus far as part of the Recovery Act.
“California was the very first state to receive State Fiscal Stabilization Funding from the federal government and the first state to begin passing the initial funding to local schools to protect teacher’s jobs. We are working around the clock with the federal government to bring Recovery Act funding into California quickly and for its intended purpose – which is especially important during these difficult budget and economic times.”
For more information about today’s allocation of Recovery Act funding please visit: http://www.cde.ca.gov/ar/sf/ .