Revised State Budget: Education Funding Issues
On March 19 the General Assembly passed a significantly reduced budget before recessing until June 1. Some key points in the amended budget:
- The teacher salary line item was reduced from $117 million to $58 million. This translates to a 2% salary increase rather than the 4% increase in the original budget.
- The amount included for BEP growth was reduced from $65 million to $50 million. The BEP (Basic Education Program) is the funding formula through which state education dollars are distributed to Tennessee schools.
- Deleted was $49 million for charter schools and $51 million for the Governor’s literacy initiative.
Tennessee is expected to receive almost $260 million in emergency school funds from the federal government coronavirus stimulus package to help offset costs related to the pandemic, the TDOE reported last week. These funds are greatly needed, but this additional federal funding is small when compared to the $6 billion that our state spends annually on K-12 education.
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