The American Recovery and Reinvestment Act 2009 (ARRA) was signed into law by President Obama on February 17, 2009. ARRA is intended to save existing jobs and create new jobs, spur spending by business and consumers, and lay a foundation for renewed economic growth and prosperity. The entire spending and tax package includes more than $100 billion for elementary, secondary, and postsecondary education; $4.1 billion for early education and child care; and $26 billion in education tax incentives. It seeks to align the use of the funds provided through State Fiscal Stabilization Funds, Title I, IDEA and state incentive grants with the purposes of making prudent investments under ARRA and improving student achievement.