Here from Ed Week.  An excerpt:

Federal funding for most schools would be largely restored after the biggest cuts to K-12 spending in history, under a giant spending bill unveiled Monday night by Republican and Democratic leaders in Congress. And the Head Start early childhood program would see a major, $1 billion boost.

But two initiatives high on the Obama administration’s wish list—a Race to the Top for higher education and $750 million in new grants to help states improve their preschool programs—won’t receive funding in the fiscal year ending Sept. 30 of this year. What’s more, the Obama administration’s signature school turnaround program would undergo a major makeover, resulting in more flexibility for states and districts to devise their own strategies for fixing the lowest-performing schools.

. . . .

Other winners in the bill include Impact Aid, which helps school districts make up for tax revenue lost because of a federal presence, such as a Native American reservation or military base. The budget compromise finances Impact Aid at $1.3 billion, a $64 million increase over last year’s levels. While many Impact Aid districts were able to weather the sequester cuts, a number of others had to lay off staff, cut programs, and even close down schools.

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