Colorado has another chunk of its stimulus money headed for schools.
Federal education authorities announced Wednesday that Colorado has received $509 million in so–called ``stabilization funds.''
Those are funds aimed at preventing deep cuts in school budgets or teacher layoffs as tax revenues decline.
The U.S. Department of Education says Colorado has already gotten $140 million in stimulus money for education. The state is eligible to apply for another $251 million this fall.
Colorado officials also plan to apply for part of a competitive fund worth $4 billion for state school systems that promise reform. Details on how that fund works are expected later this year.
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