First, the lieutenant governor made no mention of the Great Recession, which was the worst since the 1930s, nor did he explain the degree to
which federal stimulus dollars helped plug in the gaps in state funding for education.
Not exact matches
For instance, during the recent
stimulus bill, Billions of
dollars in
federal tax
dollars were diverted to states to cover budget shortfalls,
which had the indirect effect of preventing municipalities from declaring bankruptcy.
He said schools have an billion and a half
dollars in reserve funds and leftover monies from the
federal stimulus program,
which ended last year, enough to cover the reductions.