New Tennessee Public Schools Funding Formula Bill To Be Introduced By Mid-February | State

(The Center Square) — Wording for a bill that would create a new formula for funding K-12 public schools in Tennessee, called Tennessee Investment in Student Achievement (TISA), will be released in mid -February, Governor Bill Lee said. Thusday.

The funding formula would be put in place for the 2023-24 school year and would shift the state from a school district-based funding formula to a student-based one while addressing issues with the school curriculum. basic education (BEP), which was created in 1992.

“We believe he will allocate dollars to each child based on their individual needs,” Lee said Thursday at a press conference. “It will make it a fairer system for the kids in the system.”

Lee proposed on Monday during his state of the state speech spending an additional $1 billion in recurring money for K-12 public education, $750 million of which would help fund the state’s new funding plan.

However, this money would not be placed in the BEP for the next school year. Instead, Lee proposed using next fiscal year funds to improve careers and technical education at all high schools and colleges ($500 million), move 14 public schools out of floodplains ($200 million dollars) and grants ($50 million).

The budget proposal also included $32 million in facilities funding for Tennessee charter schools, half of which was recurring, as well as $25.5 million in recurring funding for summer learning camps and 6 million dollars to create the Institute of American Civics at the University of Tennessee.

Lee also announced a partnership earlier this week with Hillsdale College, a religious liberal arts college in Michigan, which is expected to establish public charter schools in Tennessee.

“It’s about engaging Hillsdale in public classical secular education,” Lee said. “High-quality charter schools are an important part of the equation for our public school system. We welcome high quality charter operators from across the state, including classic instructional charters like Hillsdale.

Lee said the new funding formula, however, was intended to fund students attending public schools.

“This approach is all about public schools,” Lee said. “It’s nothing about private schools.”

the new funding formula would have a fixed amount of funding allocated to each student with what it calls “weightings,” giving additional funding to students who live in poverty or in areas of concentrated poverty, those who live in rural school districts, students with unique learning needs and students in public charter schools.

Additional funding would go to students in districts that are experiencing rapid growth, need large-scale assistance, and have Career and Technical Education (CTE) programs.

Lee was also asked Thursday about recent decisions by several state school boards to ban the books and a recent book burning shared on social media.

Lee advocated for a bill that would inform parents of the content of books and curricula taught in public schools, but said “book burning is a bad idea.”

“You should ask the people involved in the book burning,” Lee said.

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