Schools get $893,082 from stimulus

By Katheran Wasson Published:

Frankfort and Franklin County schools will get $893,082 from the federal stimulus package, according to the Kentucky Department of Education.

Documents posted online Wednesday by the Kentucky School Boards Association say Franklin County Public Schools will receive $369,637 from the first half of its funding from the American Recovery and Reinvestment Act.

Frankfort Independent will receive $76,904 in its first installment.

Lisa Gross, director of communications for the Kentucky Department of Education, said state educators expect the first half of funds to arrive this fiscal year, which ends June 30.

Kentucky schools will share in $76.8 million in funds, with the rest to arrive after Oct. 1, according to the KSBA. 

The allocations are based on a formula that includes the number of students in poverty in 2007 and other factors.

In Franklin County, 14.5 percent of students are in poverty. In Frankfort schools, that number is 24.5 percent.

The federal government stipulates that money should be spent quickly to save and create jobs, with an emphasis on one-time projects. The funds should be directed at improving student achievement, and school districts must ensure transparency in reporting spending.

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