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Race to Top States still have lots of money to spend

from Education Week

With states well into their final year of Race to the Top implementation, the 12 winners still have a lot of money to spend, according to the latest financial reports by the U.S. Department of Education. The state with the largest share of its award left? New York, with 59 percent of its $700 million still sitting in the bank as of Nov. 30, according to the latest federal spending report. Meanwhile, Delaware has just 31 percent left. Combined, the 12 Race to the Top states have $1.8 billion of their $4 billion in winnings left, or about 46 percent. The Obama administration's signature education-improvement effort was designed — for the most part — to be a four-year program. Awards were made in 2010. more


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