During its first years, federal tax dollars would cover 90 percent of the costs and states would pick up the balance for these preschool programs, said Carmel Martin, the Education Department's policy chief. However, the federal share would shrink to 25 percent in coming years and states would be left to pick up 75 percent of the costs.The budget also sets aside $11.8 billion to help local districts keep teachers on staff while the economy returns to pre-recession levels.
An Agency-by-agency Guide To Obama's 2014 Budget
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
More than 30 investing pros with skin in the game give you actionable insight and investment ideas.