Washington — To qualify for a portion of the nearly $54-billion in federal stimulus money meant to shore up public-school and higher-education budgets, states must provide at least as much money as they did for those areas in 2006.
Florida, however, applied to the U.S. Education Department for a waiver from that requirement, called a “maintenance of effort” provision, because it had fallen short, thanks to its dismal economy and enormous budget gaps. The state had to close a $2.3-billion revenue shortfall in the previous fiscal year, and is facing a $5.8-billion hole for the next budget year.
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