WASHINGTON, D.C. : Clinton Offers Plan to Renovate Schools

President Clinton proposed a $5-billion program to repair and replace crumbling schools, saying educational progress is at risk “if our children are asked to learn in a landscape that is littered with peeling paint and broken glass.” Clinton’s latest election year initiative would have the federal government spur a much larger repair and building program by offering interest subsidies of up to 50% for school renovation and replacement. The poorest school districts would receive the highest priority on a sliding scale.