The Basic Education Program (BEP), Tennessee’s funding formula
for K-12 public schools, distributes over $4.7 billion to school districts and
makes up over a quarter of all state dollars in the budget. For the third year
in a row, the Comptroller’s Office of Research and Education Accountability
(OREA) checked the formula, and found several revision points for the fiscal
year 2018-19 calculation. The identified revision points and resulting
changes were negligible: $242,000 in underallocations to 55 districts and
$131,000 in overallocations to 26 districts amounted to a net state
underallocation of $111,000.
The Tennessee Department of Education will incorporate the revisions into its mid-year update when insurance
premiums increase in January 2019.