Gov. Jan Brewer announced on Aug. 3 that Arizona’s three universities would receive $154 million next week as part of the first installment of money from the federal stimulus package’s education fund.
Under the American Recovery and Reinvestment Act, Arizona State University will receive $69.8 million, the University of Arizona will receive $60.8 million and Northern Arizona University will receive $23.4 million, according to the Governor’s Office. The money is from the first phase of the State Fiscal Stabilization Fund, a portion of the stimulus money that is dedicated specifically for education.
The money will be used to ensure that Arizona meets maintenance-of-effort provisions of the ARRA that require the state to fund institutions of higher learning at least their 2006 funding levels. Another portion of the stabilization fund’s first phase, $29 million to Arizona’s community colleges, will be awarded later in the month, the Governor’s Office said.
“From the early days of the package’s approval in February, I committed to pursue Arizona’s portion of federal funds to help avoid massive cuts to our higher education system,” Brewer said in a press release. “These important funds, coupled with my continued commitment to secure additional revenues through a temporary tax increase, should help Arizona and our critically important universities weather a massive state budget deficit.”