• A Primer for Public Schools: Reporting of and Accounting for Stimulus Funds
  • June 22, 2010
  • Law Firm: Eastman & Smith Ltd. - Columbus Office
  • In February 2009, the American Recovery and Reinvestment Act of 2009 (ARRA) became law. The stated purpose for ARRA is to stimulate the U.S. economy through massive federal spending (Stimulus Funds)...Ohio’s public education system is a major recipient of Stimulus Funds, including State Fiscal Stabilization Funds (SFSF). One of the major goals of the SFSF is to enable states to maintain the size of their educational bureaucracies despite the revenue losses that have resulted from the economic downturn. ARRA also provides for additional funding under Title I, Part A programs and the Individuals with Disabilities in Education Act, Part B.