Colorado unsure how education stimulus will be spent
DENVER, Colorado ” Colorado education officials say the state expects to get an estimated $1 billion in school funding from the federal stimulus package.
But the officials told state lawmakers Wednesday it’s not clear yet how much of the money will be spent to prevent school cuts this year.
About $600 million of the $1 billion in stimulus help is supposed to be used to prevent school budget cuts. Any money left over after that could be used to reverse cuts at state colleges and universities.
Matt Gianneschi, the governor’s education analyst, says some school districts might wait until the summer or the next school year to spend the money.
Lawmakers and education officials are also brainstorming on ways to win another $400 million or so to pay for education reforms.