Federal Stimulus Money for Local Schools

Public school districts will be receiving Federal Stimulus Money in the near future. The major share of these funds will be categorized as “Stabilization Funding.” According to the Senate Fiscal Agency the stabilization funding is specifically meant to prevent layoffs. School districts are obligated to spend the money on services, contracts, or other transactions. This money is not meant to be placed in a school district’s general fund balance or “rainy day fund.”

The Senate Fiscal Agency estimates school districts in the 15-B Coordinating Council shall receive the following amount of “Stabilization Funding.”:

Cadillac $2,212,521 Per Pupil $492

Manton $752,547 Per Pupil $511

Mesick $945,921 Per Pupil $828

Evart $1,284,326 Per Pupil $814

Marion $1,026,494 Per Pupil $1,179

Pine River $1,255,319 Per Pupil $709

McBain $860,515 Per Pupil $572

Forest Area $839,566 Per Pupil $760

Wexford/Missaukee ISD will receive $2,344,934 in Special Education Funding.