The NYTimes claims that the FCC will redirect e-rate funds toward faster broadband access and wireless access in schools. It seems this is not more money, but money to be spent in a different way.
According to the Times:
Next year, much of the money will come from changes to the E-Rate program, including the elimination of programs that pay for outdated technologies, like paging services, dial-up Internet connections and email programs that are available free elsewhere.
The commission wants to give all schools access to broadband connections of 100 megabits per second by 2015, and connections of up to one gigabit per second by the end of the decade.