FY 2010 Federal Education Budget

The Obama Administration released details of the President's FY 2010 federal budget today.

Here is a fact sheet from the Office of Management and Budget.
Here is full education budget proposal.

In education, there are number of notable increases with regard to teaching and learning:

• The Teacher Incentive Fund would receive a five-fold increase and would focus on more than just teacher compensation reform, but also a broader range of activities to improve teaching quality
  
• A seven-fold increase in School Improvement Grants -- which can be used for professional development -- from $606 million to $4.5 billion
  
• A $15 million appropriation for Teach For America
• $100 million more for the ARRA-authorized What Works and Innovation Fund
• $10 million increase to the School Leadership program to expand efforts to recruit, train, and retain principals and assistant principals in high-need school districts

There are also several initiatives and programs focused on college access and completion:

• The maximum Pell Grant award is increased by $200, to $5,550. It also shifts the Pell program to the mandatory side of the budget and ties future Pell increases to the Consumer Price Index-plus-1 percentage point.
  
• $500 million in 2010 for a new five-year Access and Completion Incentive Fund to support innovative state efforts to help low-income students succeed and complete their college education.