Close Menu
Fund Focus News
    Facebook X (Twitter) Instagram
    Trending
    • 3 Nippon India funds rank among 1209 mutual funds in 20-year returns, Rs 10,000 SIP turns nearly Rs 2 Cr. Here’s how they compare on return, risk and category – Mutual Funds News
    • Dogecoin Price as DOGE ETFs Post Second-Highest Outflows in History After Trump’s Meme Coin Disclosure
    • The Rise of Active ETFs: Can Fund Managers Outperform Passive Investing?
    • Are low-fee ETFs really better?
    • Mutual fund investor base jumps from 1 crore to 6 crore in a decade; retail commands two-thirds of AUM
    • Wesleyan launches two new with-profits funds
    • CPP Investments Partners with EQT to Support Global Digital Infrastructure Growth
    • Best debt mutual funds by returns: Only 5 out of 520 funds delivered double-digit CAGR in the long-term – Mutual Funds News
    Facebook X (Twitter) Instagram
    Fund Focus News
    • Home
    • Bonds
    • ETFs
    • Funds
    • Investments
    • Mutual Funds
    • Property Investments
    • SIP
    Fund Focus News
    Home»Funds»CMS to recoup $12.5 million after Education Department announce release of billions in frozen funds
    Funds

    CMS to recoup $12.5 million after Education Department announce release of billions in frozen funds

    July 25, 2025


    CHARLOTTE, N.C. (QUEEN CITY NEWS/AP) — Leaders with Charlotte-Mecklenburg Schools said they will receive all $12.5 million it lost after the Trump Administration announced Friday that it’s releasing billions in grant funds withheld for schools.

    The Education Department ended weeks of uncertainty for educators around the country who rely on the money for English language instruction, adult literacy, and other programs.

    CMS educator fears he might lose his job after $12.5M in much-needed funds withheld

    It came after a week of legal challenges across the country, including a lawsuit filed by N.C. Attorney General Jeff Jackson.

    North Carolina is set to land $165 million of the frozen funds.

    “National reports indicate that the U.S. Department of Education has backed down and is releasing all frozen funds — $6.8 billion nationwide, including $165 million for North Carolina — after we filed suit last week,” Jackson said. “This should end weeks of uncertainty — our schools can now plan, hire, and prepare for a strong year ahead. My absolute best wishes to our state’s 1.5 million students who are ready to make this their best year yet.”

    President Donald Trump’s administration had suspended more than $6 billion in funding on July 1, as part of a review to ensure spending aligned with the White House’s priorities.

    The funding freeze had been challenged by several lawsuits as educators, Congress members from both parties and others called for the administration to release the money. Congress had appropriated the money in a bill signed this year by Trump.

    The CMS school board shared their cautious excitement for the news.

    “We are grateful that the federal government will release these funds. We are cautiously optimistic that these grant funds will continue to fund public education in the future and look forward to reviewing and complying with any potential new guidance from the United States (US) Department of Education.

    “The Board of Education would like to thank the 150 members of the North Carolina (NC) Democratic congressional delegation who issued a letter to the US Department of Education and their colleagues across the aisle who supported releasing the funds. We are grateful for the efforts of NC Superintendent of Public Instruction Mo Green, NC Attorney General Jeff Jackson, and the many states and public-school districts who stood together to advocate that these funds be released as previously approved in the federal budget.”

    Prior to the announcement, CMS and other school districts in the state were preparing to make cuts in areas like teacher development, supplemental resources and personalized instruction.

    “We also thank the many CMS students, families, staff, and community partners for standing with the Board to advocate for these funds to be released to CMS and our 141,000 students who will be better supported in forging a bright future for their community,” said CMS Board Chair Stephanie Sneed.

    Last week, the Education Department said it would release $1.3 billion of the money for after-school and summer programming. Without the money, school districts and nonprofits such as the YMCA and Boys and Girls Club of America had said they would have to close or scale back educational offerings this fall.

    The Office of Management and Budget had completed its review of the programs and will begin sending the money to states next week, the Education Department said.

    Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

    For the latest news, weather, sports, and streaming video, head to Queen City News.



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email

    Related Posts

    Private Equity Semiliquid Funds May Face a Redemptions Challenge

    July 1, 2026

    Certain BlackRock Closed-End Funds Announce Estimated Sources of Distributions

    June 30, 2026

    Business News: Stock and Share Market News, Economy and Finance News, Sensex, Nifty, Global Market, NSE, BSE Live IPO News

    June 29, 2026
    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

    3 Nippon India funds rank among 1209 mutual funds in 20-year returns, Rs 10,000 SIP turns nearly Rs 2 Cr. Here’s how they compare on return, risk and category – Mutual Funds News

    July 4, 2026

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

    November 19, 2023
    Don't Miss
    Mutual Funds

    3 Nippon India funds rank among 1209 mutual funds in 20-year returns, Rs 10,000 SIP turns nearly Rs 2 Cr. Here’s how they compare on return, risk and category – Mutual Funds News

    July 4, 2026

    A 20-year track record is one of the toughest tests for any mutual fund. Over…

    Dogecoin Price as DOGE ETFs Post Second-Highest Outflows in History After Trump’s Meme Coin Disclosure

    July 4, 2026

    The Rise of Active ETFs: Can Fund Managers Outperform Passive Investing?

    July 3, 2026

    Are low-fee ETFs really better?

    July 3, 2026
    Stay In Touch
    • Facebook
    • Twitter
    • Pinterest
    • Instagram
    • YouTube
    • Vimeo
    EDITOR'S PICK

    Hampshire and Isle of Wight the luckiest spots this year to win £100,000 Premium Bonds prizes

    December 15, 2025

    Ghana attracts $652m investments in 2024 despite FDI value dip

    August 26, 2025

    Gold heads for weekly gain as ETFs expand in run-up to the Fed

    September 11, 2025
    Our Picks

    3 Nippon India funds rank among 1209 mutual funds in 20-year returns, Rs 10,000 SIP turns nearly Rs 2 Cr. Here’s how they compare on return, risk and category – Mutual Funds News

    July 4, 2026

    Dogecoin Price as DOGE ETFs Post Second-Highest Outflows in History After Trump’s Meme Coin Disclosure

    July 4, 2026

    The Rise of Active ETFs: Can Fund Managers Outperform Passive Investing?

    July 3, 2026
    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

    ₹9000 monthly SIP can help you retire at 45 with ₹2 lakh monthly pension

    May 5, 2026
    © 2026 Fund Focus News
    • Get In Touch
    • Privacy Policy
    • Terms and Conditions

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