Posted: Mar 29, 2010 9:42 AM by Bea Karnes, News First 5
Updated: Mar 29, 2010 9:42 AM
The first item of business for the Colorado Legislature this year was the education budget, as the state positioned us to compete for massive federal grants. The Associated Press is reporting that Colorado failed in its bid for the first round of money.
A source says the U.S. Department of Education has picked Delaware and Tennessee for the first round of its "Race to the Top" competition.
The source tells the Associated Press on Monday that the states will receive part of a $4.35 billion pot meant to encourage the use of innovative programs to improve student performance. The source declined to be identified because not all finalists had been yet contacted.
The states were selected from 16 finalists.
Federal officials will collect a second round of applications for the highly selective grant program in June. The states that weren't picked this time can reapply.
The money is part of President Barack Obama's economic stimulus law, which provided an unprecedented $100 billion in taxpayer money for schools.