WasteOfTheDay: Schools Spent Only 7% of Covid Funds

With the worst of the pandemic over, schools across the country have only spent 7 percent, or about $8.5 billion, of the $122 billion awarded by Congress in the American Rescue Plan Act, according to the Wall Street Journal.

The money was intended to help schools address learning loss, mental health problems, and other pandemic-related issues in K-12 schools. Now, schools are scrambling to spend money, because it must be returned if it’s unspent by September 2024. Schools are using these funds to upgrade facilities, update their technology, hire more teachers and counselors, and expand after-school programs.

OpentheBooks.com

 

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