In light of dismal revenue collections, Tennessee got some welcome news Monday when the U.S. Department of Education awarded it $500 million from the Race to the Top stimulus program.

The Volunteer State, which requested $500 million in its application, was one of only two states receiving awards under the first round of the $4.35 billion program. (Delaware received $100 million.) Earlier this month, Tennessee was named one of 16 finalists in the first round.

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