New Funding for K-12 Schools
Update: This funding was signed into law on 12/28/20. $54 billion will be available for K-12 schools to cover costs including upgrading technology and equipment to reduce the risk of spreading COVID-19. Funds will be distributed to districts following the Title I formula, based on the number or percentage of low-income children.
In the spring of 2020, the US Congress made $30 billion available for the education sector as part of the CARES Act. The HEROES Act, proposed in May and revised in October, would have allocated much more for schools, but this bill was never signed into law. However, a new bill with $900 billion for coronavirus relief funding, including a round of $54 billion in funding for K-12 schools, is on track for approval in Congress in the final days before the end of the year.
When the CARES Act came out, Congressional leaders said the funding was specifically designed to help schools with stabilizing budget shortfalls and gearing up to face the pandemic. About $13 billion was set aside for K-12 schools and another $3 billion for state governors to direct toward public or private education at their discretion.