FEBP Summary of Obama’s 2010 Education Budget Available

The New America Foundation’s Federal Education Budget Project (FEBP) yesterday released “Summary and Analysis of President Obama’s Education Budget Request – Fiscal Year 2010,” an issue brief that provides a brief summary of the President’s education budget request, released on May 7th. The President’s 2010 budget request marks the first time the Obama administration has submitted funding recommendations for every federal education program and a comprehensive list of new education policy initiatives.

This instant summary and analysis serves as a quick reference for policymakers, the media, and education stakeholder on various parts of the 2010 education budget proposal, including:

• ESEA Title I grants;
• The Teacher Incentive Fund; and
• The Federal Family Education Loan (FFEL) Program.

Congress has already adopted its fiscal year 2010 budget resolution, a set of general guidelines to govern legislation considered later this year. Now, it will use the President’s budget request to inform its consideration of tax and spending legislation, including the fiscal year 2010 appropriations bill that will set specific funding levels for federal education programs. (Fiscal year 2010 begins October 1, 2009.) Ed Money Watch will follow the next steps in this process closely.

To view the document or to download a PDF version, click here.