State Fiscal Stabilization Fund: Application for Funding for Phase II

Organization: U.S. Department Of Education

Date: Nov 2009

The State Fiscal Stabilization Fund program provides approximately $48.6 billion in formula grants to States to help stabilize State and local budgets in order to minimize and avoid reductions in education and other essential services, in exchange for a State’s commitment to advance essential education reform in key areas. Almost $36.8 billion have already been awarded during SFSF Phase I. Approximately $11.5 billion will be awarded under SFSF Phase II (through this application).