Tennessee SB0614 amends education finance by requiring local governments to allocate unfunded portions of local education agency budgets in the.

Tennessee SB0614 amends Tennessee Code Annotated, Section 49-3-314, concerning education finance. It mandates that if a local government fails to fully appropriate or allocate the budgeted amount for a local education agency (LEA) in a fiscal year, it must allocate the unfunded portion in the subsequent fiscal year. This applies starting from fiscal year 2025-2026. The bill also specifies that funds used to correct such shortfalls are considered nonrecurring expenditures.

Tennessee SB0614 amends education finance by requiring local governments to allocate unfunded portions of local education agency budgets in the.

Tennessee SB0614 amends Tennessee Code Annotated, Section 49-3-314, concerning education finance. It mandates that if a local government fails to fully appropriate or allocate the budgeted amount for a local education agency (LEA) in a fiscal year, it must allocate the unfunded portion in the subsequent fiscal year. This applies starting from fiscal year 2025-2026. The bill also specifies that funds used to correct such shortfalls are considered nonrecurring expenditures.