From a White House press release:
[T]he Obama Administration will announce the President’s plan for the creation of a new, national Science, Technology, Engineering and Math (STEM) Master Teacher Corps comprised of some of the nation’s finest educators in STEM subjects. The STEM Master Teacher Corps will begin with 50 exceptional STEM teachers established in 50 sites and will be expanded over 4 years to reach 10,000 Master Teachers. These selected teachers will make a multi-year commitment to the Corps and, in exchange for their expertise, leadership and service, will receive an annual stipend of up to $20,000 on top of their base salary. The Administration will launch this Teacher Corps with the $1 billion from the President’s 2013 budget request currently before Congress…
…the Administration also announced that the President will immediately dedicate approximately $100 million of the existing Teacher Incentive Fund toward helping school districts implement high-quality plans to establish career ladders that identify, develop, and leverage highly effective STEM teachers. With an application deadline of July 27th, over 30 school districts across America have already signaled their interest in competing for funding to identify and compensate highly effective teachers who can model and mentor STEM instruction for their teaching peers, providing those teachers with additional compensation, recognition, and responsibilities in their schools.
There is no word on whether there are any Florida school districts among the 30 that will be receiving the initial $100 million.
The chances of the $1 billion program being approved by Congress this year are somewhere between slim and none. According to the Washington Post,
But the House and Senate both voted down Obama’s budget earlier in the year, making it far from certain that Obama will be able to get congressional approval to spend $1 billion on master teachers.
An aide to Rep. John Kline, R-Minn., chairman of the House Education and the Workforce Committee, noted that the federal government already has more than 80 teacher quality programs and said it would be foolish to pump money into programs that may be duplicative or unproductive.