Close Menu
Fund Focus News
    Facebook X (Twitter) Instagram
    Trending
    • BFSI Mutual Funds AUM Surges 37% to ₹48,000 Cr: Rediff Moneynews
    • SBI mutual fund launches AI-powered ‘SmartAssist’ on whatsApp, ET CIO
    • Top 5 Equity Index Funds With up to 195% SIP Return in 6 Months: Rs 25,000 monthly investment in No.1 defence fund has skyrocketed to Rs 2,06,245
    • Allstate Corporation Digital Transformation Strategy Analysis Report 2025
    • Best SIP mutual funds: Top 10 schemes with up to 27% annualised returns — ₹10,000 monthly SIP grows to ₹49 lakh in 10 years – Money News
    • Capri Global Capital annonce que Quant Mutual Fund augmente sa participation dans la société à 5,96 %
    • Yilgarn Iron Investments Pty Ltd finalise l’acquisition du complexe Yilgarn Hub Iron Ore auprès de Mineral Resources Limited
    • Rs 6,000 SIP Vs Rs 6,00,000 Lump Sum: Which can generate a higher corpus in 30 years?
    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

    Les Fonds Lysander lancent de nouveaux fonds d’actions canadiennes

    June 27, 2025

    Auris Gestion dévoile un fonds investissant majoritairement dans la BITD européenne

    June 27, 2025

    Assurance vie : ce fonds d’infrastructures Swiss Life rencontre un franc succès

    June 25, 2025
    Leave A Reply Cancel Reply

    Top Posts

    BFSI Mutual Funds AUM Surges 37% to ₹48,000 Cr: Rediff Moneynews

    July 1, 2025

    Qu’est-ce qu’un green bond ?

    December 7, 2017

    les cat’ bonds deviennent incontournables

    September 5, 2018

    Quel est le rôle du service des impôts des particuliers (SIP) ?

    May 7, 2020
    Don't Miss
    Mutual Funds

    BFSI Mutual Funds AUM Surges 37% to ₹48,000 Cr: Rediff Moneynews

    July 1, 2025

    Investment in banking & financial services mutual funds in India surged 37% YoY to ₹48,000…

    SBI mutual fund launches AI-powered ‘SmartAssist’ on whatsApp, ET CIO

    July 1, 2025

    Top 5 Equity Index Funds With up to 195% SIP Return in 6 Months: Rs 25,000 monthly investment in No.1 defence fund has skyrocketed to Rs 2,06,245

    July 1, 2025

    Allstate Corporation Digital Transformation Strategy Analysis Report 2025

    July 1, 2025
    Stay In Touch
    • Facebook
    • Twitter
    • Pinterest
    • Instagram
    • YouTube
    • Vimeo
    EDITOR'S PICK

    Marco Santarelli, Author at Norada Real Estate Investments

    October 10, 2024

    Mutual funds vs portfolio management services: What’s right for you?

    March 12, 2025

    North Carolina officials approve more than $604 million in Helene relief funding

    October 29, 2024
    Our Picks

    BFSI Mutual Funds AUM Surges 37% to ₹48,000 Cr: Rediff Moneynews

    July 1, 2025

    SBI mutual fund launches AI-powered ‘SmartAssist’ on whatsApp, ET CIO

    July 1, 2025

    Top 5 Equity Index Funds With up to 195% SIP Return in 6 Months: Rs 25,000 monthly investment in No.1 defence fund has skyrocketed to Rs 2,06,245

    July 1, 2025
    Most Popular

    ₹10,000 monthly SIP in this debt mutual fund has grown to over ₹70 lakh in 23 years

    June 13, 2025

    ₹1 lakh investment in these 2 ELSS mutual funds at launch would have grown to over ₹5 lakh. Check details

    April 25, 2025

    ZIG, BUZZ, NANC, and KRUZ

    October 11, 2024
    © 2025 Fund Focus News
    • Get In Touch
    • Privacy Policy
    • Terms and Conditions

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