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VOL. 129 | NO. 58 | Tuesday, March 25, 2014

Panel Begins Study of State's Funding Formula

AP

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NASHVILLE, Tenn. (AP) — A task force appointed by Gov. Bill Haslam has begun studying the state's school funding formula.

The panel held its first meeting on Monday. It was formed amid criticism that the Basic Education Program, or BEP, is not adequately funding districts statewide. The program hasn't been fully funded since it was overhauled about seven years ago under then-Gov. Phil Bredesen.

In December, the Metro Nashville school board voted unanimously to ask officials to fund public education in a way that would allow those districts to meet rigorous new academic standards.

Education Commissioner Kevin Huffman, the panel's chairman, said the main objective of the group is to explore the components that make up the funding formula and how the money it generates is distributed.

The board is expected to submit a report to the governor by the end of the year.

Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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PROPERTY SALES 67 67 10,289
MORTGAGES 107 107 13,434
FORECLOSURE NOTICES 0 0 2,644
BUILDING PERMITS 393 393 24,700
BANKRUPTCIES 60 60 9,952
BUSINESS LICENSES 16 16 3,752
UTILITY CONNECTIONS 149 149 14,706
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