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The average savings account annual percentage yield in April 2023 is only 0.39%. This number includes low interest rates from traditional banks as well as higher savings rates from online banks and...
ESSER II Fund Frequently Asked Questions ESSER II Fund Frequently Asked Questions Elementary and Secondary School Relief (ESSER II) fund frequently asked questions and responses. 1. How much funding was California awarded for ESSER II funds? The ESSER II Fund accounts for approximately $54.3 billion of funding for all states and California’s allocation is $6,709,633,866. No less than 90 percent of its allocation ($6,038,670,479) must be used to make subgrants to LEAs, based on each LEA’s share of funds received under Title I, Part A in fiscal year (FY) 2020–21. The remaining up to 1...