California schools have used all their stimulus money
By Tom Chorneau/Capitol Weekly
State auditors drew widespread media attention in August with a report suggesting that tens of millions of dollars in federal stimulus money for schools had gone unspent and were at risk of reverting back to the U.S. Department of Education. But newly released data from the California Department of Education shows that only a small percentage of that money is at risk of reverting and more than likely, virtually all of the stimulus funds given schools in California have already been expended. For instance, of the nearly $4.9 billion dollars given local educational agencies from the State Fiscal Stabilization Fund – schools have expended all but $1.3 million, or 99.97 percent. Funds delivered under the American Recovery and Reinvestment Act for special education totaled nearly $1.3 billion and all but $716,533 has been expended. (more...)