eSchool News Online says yes! They believe that there will now be a more favorable climate for education funding on Capitol Hill. I think it has been pretty favorable already.

Here is the breakdown from the FY 2007 federal budget:

– Provides $54.4 billion in federal education funding, which is an increase of 29 percent since the President took office.

– Provides $292 million in Title I funding (for NC students in high poverty schools), $115.1 million over FY 2001.

– Increases Special Education Grants for North Carolina to $314.3 million or a $123.1 million over FY 2001.

– Increases No Child Left Behind funding for North Carolina to $496,361,927, a 74.5% increase since FY 2001.

No good education establishment story would be complete without a quote from Edward J. McElroy, president of the American Federation of Teachers.

The party that once prided itself on fiscal restraint ran up record deficits, hampering investment in national priorities like education, and left a long-term legacy of economic recklessness.

Of course, Eddie does not want to admit that a portion of those record deficits were used to pay for big increases in education spending.