Recently President Obama signed into law an omnibus appropriations bill for Fiscal Year 2015. The bill:

• Provides level-funding for the Department of Education
• Increases funding to Title I and special education grants to states
• Funds $250 million towards the Preschool Development Grants program
• Funds an increase of $100 to the maximum Pell Grant – the new maximum grant is $5,830

In addition the bill makes several cuts. Among the most significant is $21.6 million from the Investing in Innovation Fund and $58.8 million from the Teacher Incentive Fund.