Schwarzenegger says he hopes the money will avoid further teacher layoffs and help schools that are struggling to absorb $8 billion in budget cuts.
About 26,000 California teachers were handed pink slips this spring after Schwarzenegger signed a state budget that made massive cuts to state programs and raised taxes to boost revenue.
The governor's office estimates schools could get about $3.1 billion after the application is approved, with another $1.8 billion to follow. Most of the money will go to K-12 schools, with about a fifth of the total dedicated for higher education.
(Copyright 2009 by The Associated Press. All Rights Reserved.)
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