SB0868 - Tennessee - Basic Education Program (bep), Education, Education, Dept. Of

Companion Bill HB0569. Basic Education Program (BEP) - Requires the BEP to be funded according to the prototype system-level fiscal capacity model developed by TACIR. - Amends TCA Title 49. Fiscal Summary for SB0868 / *HB0569Other Fiscal Impact - Implementing the system-level capacity model would result in the shifting of funds between school systems; the BEP would not generate any new state funding. However, additional state dollars would be required to hold losing systems harmless. Such increase in state expenditures is estimated to exceed $100,000,000 with a corresponding increase in local government revenues of an amount estimated to exceed $100,000,000. Bill Summary for SB0868 / *HB0569 Under present law, the state provides a percentage of funds generated by the BEP formula, and the local government must fund the local share of the BEP. No [...]

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