K-12 Education Funding Has Doubled in Tennessee Since 1992

K-12 education is the top expenditure in Tennessee’s budget and has more than doubled, adjusted for inflation, since the current school funding plan began in 1992, a Sycamore Institute report shows.

Tennessee’s education funding model, called the Basic Education Program (BEP), is used to disperse state funds to individual school districts. Tennessee spent $5.2 billion on K-12 education in fiscal year 2020, while TennCare, the state’s Medicaid program and second-highest expense, cost the state $3.6 billion.

Read More