Close Menu
Fund Focus News
    Facebook X (Twitter) Instagram
    Trending
    • CITs Outpace Mutual Funds in 2024
    • Supreme Court allows US to cancel $4 billion in foreign aid funds
    • As Dollar Falls, Consider GLOBAL Investments!
    • Retail shifts funds into DeFi post $1.8B liquidations, is this MUTM for sustained 16x ROI this season?
    • 💵 Libra responds after Flamengo takes legal action and ‘freezes’ funds
    • How to build a Rs 5 crore corpus by age 50 with a simple SIP plan – Money News
    • $10T Vanguard Plans to Offer Crypto ETFs to Brokerage Clients
    • Forfeiture Funds Encourage Law Enforcement To Misspend Public Money
    Facebook X (Twitter) Instagram
    Fund Focus News
    • Home
    • Bonds
    • ETFs
    • Funds
    • Investments
    • Mutual Funds
    • Property Investments
    • SIP
    Fund Focus News
    Home»Funds»Alabama education board’s race against time to spend COVID-19 funds
    Funds

    Alabama education board’s race against time to spend COVID-19 funds

    August 27, 2024


    AUBURN, Ala. (WTVM) – During the COVID-19 pandemic, school boards nationwide received billions of dollars in federal funding. This financial support was allocated to cover the costs of cleaning supplies, e-learning resources, and the renovation and expansion of school facilities

    However, the State of Alabama has just over a month to spend a jaw-dropping amount of money left over before it is lost.

    “It was very difficult for districts to spend all of that money. It was more money than they could have ever imagined,” said Tracie West, member of the Alabama State Board of Education, representing District 2.

    In 2021, the American Rescue Plan Act introduced the third round of funding for the Elementary and Secondary School Emergency Relief (ESSER) program, allocating a total of two billion dollars to school districts in Alabama. According to West, the state board utilized 98 percent of these funds.

    “I’m not going to spend it all just because I have it,” West said. “We’re a very conservative state and I would never want money to be spent needlessly by our school districts”

    Several individuals, who preferred not to speak on camera, questioned how a school district could fail to find ways to improve a school when funding seems to be the primary issue.

    West mentioned that regulations and time constraints are also significant factors.

    “The project had to be complete and all materials delivered,” West added. “The money could not be drawn down for future projects and that’s why the timeline is so hard. There are only so many vendors that can do the work.”

    According to Alabama State Department of Education Superintendent Dr. Eric Mackey, the state board of education still has roughly 200 million dollars left to spend before the end of September.

    West says the number is changing daily due to money being used for statewide projects. She also says check and balances are in place to make sure the money is spent properly.

    “I would much rather not spend money frivolously or not discover money was spent fraudulently for projects that never took place,” said West.

    Copyright 2024 WTVM. All rights reserved.



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email

    Related Posts

    Supreme Court allows US to cancel $4 billion in foreign aid funds

    September 26, 2025

    Retail shifts funds into DeFi post $1.8B liquidations, is this MUTM for sustained 16x ROI this season?

    September 26, 2025

    💵 Libra responds after Flamengo takes legal action and ‘freezes’ funds

    September 26, 2025
    Leave A Reply Cancel Reply

    Top Posts

    The Shifting Landscape of Art Investment and the Rise of Accessibility: The London Art Exchange

    September 11, 2023

    Charlie Cobham: The Art Broker Extraordinaire Maximizing Returns for High Net Worth Clients

    February 12, 2024

    Supreme Court allows US to cancel $4 billion in foreign aid funds

    September 26, 2025

    The Unyielding Resilience of the Art Market: A Historical and Contemporary Perspective

    November 19, 2023
    Don't Miss
    Mutual Funds

    CITs Outpace Mutual Funds in 2024

    September 26, 2025

    There is no question of collective investment trusts’ popularity among retirement plan fiduciaries and investment…

    Supreme Court allows US to cancel $4 billion in foreign aid funds

    September 26, 2025

    As Dollar Falls, Consider GLOBAL Investments!

    September 26, 2025

    Retail shifts funds into DeFi post $1.8B liquidations, is this MUTM for sustained 16x ROI this season?

    September 26, 2025
    Stay In Touch
    • Facebook
    • Twitter
    • Pinterest
    • Instagram
    • YouTube
    • Vimeo
    EDITOR'S PICK

    How to Pick the Best Active Bond ETFs and Mutual Funds

    May 30, 2025

    Is crowdfunding for real estate legal in Canada?

    October 23, 2024

    Best Altcoins For Your $5,000 Portfolio: Pepe Coin (PEPE), Ripple (XRP), And ETFSwap (ETFS)

    August 18, 2024
    Our Picks

    CITs Outpace Mutual Funds in 2024

    September 26, 2025

    Supreme Court allows US to cancel $4 billion in foreign aid funds

    September 26, 2025

    As Dollar Falls, Consider GLOBAL Investments!

    September 26, 2025
    Most Popular

    🔥Juve target Chukwuemeka, Inter raise funds, Elmas bid in play 🤑

    August 20, 2025

    💵 Libra responds after Flamengo takes legal action and ‘freezes’ funds

    September 26, 2025

    ₹10,000 monthly SIP in this mutual fund has grown to ₹1.52 crore in 22 years

    September 17, 2025
    © 2025 Fund Focus News
    • Get In Touch
    • Privacy Policy
    • Terms and Conditions

    Type above and press Enter to search. Press Esc to cancel.