Group to study Basic Education Program formula
NASHVILLE—Tennessee Gov. Bill Haslam on Tuesday announced the creation of a task force to study the Basic Education Program, or BEP, which is the state’s funding formula for K-12 schools.
The most recent revision to the BEP, known as BEP 2.0, was adopted in 2007. The formula takes factors such as local property and sales tax revenue into account when calculating how much money Tennessee school districts will receive from the state each year. A number of districts, both large and small, have raised questions and concerns about the formula and whether it distributes funds in a fair and equitable manner.
“The last significant revision of the BEP was seven years ago, and education in Tennessee has changed a lot since then,” Haslam said. “It is the appropriate time to take a fresh look at the formula, identify strengths and weaknesses and determine whether or not changes should be made.” [Read more…]