New York is among ten winners in the second round of federal "Race to the Top" funding announced today.

After losing out in the first round earlier this year, the state legislature voted in May toraise the cap on charter schools, to help boost New York's chances to win the federal dollars.

There's no word yet as to exactly how much money the state will get. UPDATE: According to GothamSchools, the state will get all of the $698 million it asked for and the city will be getting about $250-300 million.

Take a look at GothamSchools for updated coverage and a summary of how the state plans to use the money. Education Week has a rundown of the other winners. Eighteen states were finalists for the funding; most of the winners come from the East Coast.

What will this mean for New York City schools? Comment below.