Afton Partners, a national organization specializing in school funding and education policy, has announced via social media a new partnership with the Tennessee State Collaborative for Reforming Education(SCORE) and The Tennessee Charter School Center(TCSC). The stated purpose of the budding collaboration is to help Tennessee’s charter school leaders better understand the operational and financial implications of Tennessee Investment in Student Achievement(TISA) – the state’s new funding formula for public schools.
TISA was passed by legislators during the last General Assembly and is slated to replace the current funding formula for the 2023-2024 school year. Touted as a formula that funds students over systems, the bill establishes a base funding rate of $6,860 per pupil, then distributes additional funding for students considered as being economically disadvantaged, having unique learning needs, or living in rural or impoverished communities. Tennessee charter schools are considered public schools and therefore receive funding through their charter authorizer at the same rate as traditional schools.Read More