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Detailed text transcripts for TV channel - CNN - 20100317:15:32:00

overhaul partially funded by federal stimulus money. josh levs is at stimulus desk and all right, josh, how much stimulus money are we talking about here? giant sums. i hadn t seen the whole cartoon yet either. that was good, wasn t it? that was nice. i like it. huge sums of money. everyone should understand the stimulus changed our economy. it was passed last year and it involves hundreds of billions of dollars and in a lot of ways it is fundamentally changing the way stay cities and states are operating economically and you keep seeing this big news out of school districts around the country. it feels like every few days a new school district is announcing all the closures. a lot of this is very tightly connected to the stimulus. the opportunity to grab some of those federal dollars. here s what detroit is doing, they have this $540 million project going on. this is what they re announcing they want to do. of that $310 million is coming from the stimulus. that s a huge chunk of

Stimulus moneyJosh levsStimulus deskFederal stimulus moneyHadn tWasn tExcellent schools detroitSchool districtSchool districts540 million310 million40 million10 million

Detailed text transcripts for TV channel - CNN - 20100317:15:00:00

Detailed text transcripts for TV channel - CNN - 20100317:15:00:00
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Excellent schools detroitHere we go againDetroit public schoolsCover preschoolMatter of life and death

Detailed text transcripts for TV channel - CNN - 20100317:15:56:00

here s what we re working on next hour, as detroit announces to shut down more schools, i ll talk to rod paige about the achievement gap between black and white students. and sandbaggers in fargo out in full force right now to face off against the mighty red river. the mayor joins me.

Detroit public schoolsExcellent schools detroitAchievement gapRod paigeRed river

Detailed text transcripts for TV channel - CNN - 20100317:15:03:00

entire system. we spoke to the principal of the school and she said this is unreal. why is carston s being shut down? because the area has been abandoned. very few people actually live in that area and tony, that s a major factor behind all of this closing because so many people would be moving out of detroit or moving their children out of the public school system. 84,000 kids right now, the projection is that could drop by one-third over the next four years. the whole idea here is to save $31 million by all these school closings and these would happen in june at end of this current school year and what they really want to achieve, a graduation rate of 98% within five years. right now it s 58% graduating from high school, a long way to go, but the people behind this plan are saying they want detroit to be known as the fastest-improving school district in the entire nation. allan chernoff for us.

Tony harrisExcellent schools detroitPublic school systemSchool closingsGraduation rate1 million31 millionHigh schoolSchool districtAllan chernoffLong way to go

Detailed text transcripts for TV channel - CNN - 20100317:15:33:00

they re also saying that they re chasing after $80 million from this project called race to the top which is funded by the stimulus. the school districts around the country are hoping to get their hands on on this money and it s a $4.5 billion plan in which states are competing to get that money. we have a map that will show you which states are still in the running to get it right now. 15 states and washington, d.c., that are trying to get their hands on that money right now. michigan is not one of them, but michigan is hoping to get it in the next round in june. a lot of the schools, tony, doing everything they can to show federal officials that they re serious about making big changes in the hopes that they will get even more stimulus money, tony. you know, the stimulus, well, you know this as well as anyone. you ve been on the desk for months now. it s supposed to be about creating and saving jobs. do we know how many jobs will come from all of this money? we actually don t. in

Stimulus moneySchool districtsRace to the top5 billion00 million4 5 billion80 millionWashington dcDetroit public schoolsTony harrisExcellent schools detroitDon t