In addition to the direct spending increases, several tax portions of the bill can benefit public charter schools, including a newly-authorized $22 billion school construction bond program, $10 billion to the New Markets Tax Credit Program, $25 billion in recovery zone bonds, and $1.4 billion in new funding to the Qualified Zone Academy Bonds - all tools charters will be able to tap to finance facilities.
Additionally, several reform-oriented programs received new funding in this bill, including $200 million for the Teacher Incentive Fund and $250 million for the development of State Wide Longitudinal Data Systems. The Credit Enhancement for Charter School Facilities Program unfortunately did not receive any new funding and will rely on its FY09 appropriations until a new appropriation is made in FY10.
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in title, tags, annotations or urlBill and Melinda Gates Foundation Summary of ARRA [pdf] - 0 views
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