In his fiscal 2011 budget, which will probably be turned in next month, he proposes $1.35 billion for the competition, which he says will give states more time and incentives to improve education.
"We want to challenge everyone -- parents, teachers, school administrators -- to raise standards by having the best teachers and principals, by tying student achievement to assessments of teachers, by making sure there's a focus on low-performing schools, by making sure our students are prepared for success in a competitive 21st-century economy and workplace," Obama said.
The $4.35 billion race, authorized by the American Recovery and Reinvestment Act of 2009, rewards states that improve student achievement. School districts could also be eligible to win a share of the federal education grants if the race continues next year.
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