Tennessee continues to experience record revenue surpluses while also continuing a trend of badly underfunding public schools. Based on projections, it seems the state invested around one fourth of this year’s surplus toward public education as part of the TISA school funding overhaul.
That’s nice, sure. But TISA is deeply flawed AND the state is underfunding schools by around $2 billion a year. Gov. Lee’s plan barely makes up half of that shortfall.
The Sycamore Institute has an update today on the current state of Tennessee’s revenue picture. In an email, they note:
With two months left to count, Tennessee collected about $3.7 billion (28%) more tax revenue than lawmakers initially budgeted for this point in the fiscal year.
That’s remarkable. Perhaps even more remarkable is the lack of commitment to use these funds to dramatically improve school funding in a state that ranks among the lowest in the nation in school funding. In fact, even after TISA, projections suggest Tennessee will still be in the bottom 10 nationally when it comes to K-12 school funding.
Of course, this lack of commitment to school funding is nothing new:
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