The Department of Education posted new budget tables today showing final program funding levels for the remainder of the 2011 fiscal year. The Obama administration had to accept some very difficult budget cuts in the continuing resolution that Congress passed in April to fund the federal government for the remainder of the fiscal year, and ED faced one of the toughest budget environments in recent history.
The Department of Education sought to make the necessary cuts in order to meet President Obama’s goal of reducing the deficit, while also making critical investments in programs that will help our country out-innovate, out-educate, and out-build the rest of the world.
Despite the need to make cuts, the Obama administration successfully fought for, and received, a $5.5 billion increase in funding for Pell Grants, ensuring that more than 9 million college students will continue to receive Pells up to a maximum of $5,550.
The Department also received funding for several of President Obama’s top education priorities, including $700 million for Race to the Top, $150 million for the Investing in Innovation program, $30 million for Promise Neighborhoods, as well as funding to maintain levels for key formula programs such as Title I and IDEA.
Click here to find the FY11 budget tables.