Detailed Information on Proposed Student-Based Public School Funding Formula 

NASHVILLE: The Tennessee Department of Education released additional resources about the Tennessee Investment in Student Achievement (TISA) to explain how the proposed student-based public education funding formula meets each student’s needs, funds students for success, and encourages transparency and accountability.

Starting in the 2023-24 school year, the opens in a new windowTISAopens PDF file would invest an estimated $9 billion in education funding for the state, including state and local funds, which would include an additional recurring state investment of $1 billion. The TISA is designed to empower each student to read proficiently by third grade, prepare each high school graduate for postsecondary success, and provide resources needed to all students to ensure they succeed.

“The Tennessee Investment in Student Achievement would recognize and fund the needs of each individual Tennessee student while providing parents and families with detailed information on how their child is being funded through a student-based public school funding formula, which will put each student on a path to success and increase transparency in our education system,” Commissioner Penny Schwinn said.

Many resources are available at opens in a new windowFundingforStudentSuccess.org including:  

Last fall, Gov. Lee announced the state would review its public school funding formula. The Tennessee Department of Education and the General Assembly convened 18 funding subcommittees, organized a legislative steering committee, and provided over 1,000 opportunities for the public to engage, including  opens in a new window16 public town halls and  opens in a new windowlocal match conversations across the state. This January, Lee and Schwinn released a draft  opens in a new windowframework for the new student-based K-12 funding formula, which incorporated input from thousands of Tennesseans.

To learn more about student-based funding, Tennessee’s recent public engagement process and subcommittee recommendations, and to access additional resources, visit the department’s opens in a new windowwebsite

For Tennessee Department of Education media inquiries, contact  opens in a new windowEdu.MediaInquiries@tn.govcreate new email.

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