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07/28/2010 06:24 PM

Klein To Be Interviewed For Second Round Of "Race To The Top"

By: NY1 News

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The state's next interview for a big federal education grant is set for next month.

New York was named one of 19 finalists, and is hoping to receive $700 million out of more than $3 billion in the nationwide "Race to the Top" funding.

A team of state officials is set to push for the grant during a second-round interview on August 10 in Washington, D.C.

Among the team's members are city Schools Chancellor Joel Klein.

Mayor Michael Bloomberg said New York's progress is a good sign, but he warned on Wednesday that there is still a long way to go.

"I don't think anybody should count this money as in the bank as they say there are 19 other finalists this is a very competitive challenge," said Bloomberg.

Winners will be announced in late August or early September.