Gov. Bill Lee and education commissioner Penny Schwinn in January 2021
Photo: Theresa Montgomery via the governor's office
The details of Tennessee's proposed new school funding formula are out. If accepted, the new formula will replace the one the state has been using for 30 years. The Tennessee Investment in Student Achievement Act was designed following three months of public feedback to find a replacement for the Basic Education Program funding formula, and following that was developed for another month.
The funding formula will now be introduced to the Tennessee General Assembly and be reviewed by seven committees before being voted on by the state House and the Senate. If adopted, the TISA Act we be incorporated beginning with the 2023-2024 school year.
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