Tennessee schools got $1B funding boost under new formula, report finds
A new state report found Tennessee's school funding formula enacted in 2023 infused more than $1 billion in additional state funds into K-12 public schools and yielded largely positive feedback from district leaders statewide.
The report, released Wednesday by the Tennessee Comptroller's Office of Research and Education Accountability, mapped out the first year of results under the Tennessee Investment in Student Achievement, or TISA.
Under TISA, lawmakers set a budget of just over $6.5 billion in the 2023-24 school year — up from roughly $5.3 billion the previous year under the old formula. The extra funding in 2023-24 worked out to a 21.6% budget increase, far outpacing increases in the previous 12 years.
However, state funding increases varied widely by district, the reported showed. Madison County saw a nearly 40% increase in state funding, while Richard City Special School District saw around a 0.5% increase.
The report also included the results of a survey given in June 2024 to district directors statewide that showed they were generally happy with the transition to TISA. The survey drew responses from 110 of Tennessee's 147 public school districts. The survey also revealed some snags in the formula's first year, including difficulties tracking student data and a general lack of clarity and information when it first rolled out in 2023-24. Nearly half the respondents said they were still experiencing TISA-related issues in 2024.
The report largely focuses on the initial rollout of the new formula and stops short of analyzing whether it has improved student outcomes, like test scores.
"Evaluating the formula's effects on districts' spending decisions and the resulting impact on student achievement will require more years of data," the report states.
The report also showed that the Tennessee Department of Education met most requirements mapped out in TISA but fell short in several key areas.
The law behind TISA requires the department to offer professional development training for school personnel and district leaders. The full scope of training required by the law has not yet been made available by the department, the report said. Additionally, some districts in the survey said they were not aware of the existing training. The report also said a committee to review TISA progress annually had been formed but not yet met, and that a committee to review the outcomes of TISA met several times in 2022 but had not met in 2023 or 2024.
TISA replaced the Basic Education Program. TISA calculates funding on a per-student basis and hinges on student enrollment and the learning needs of students, according to the Comptroller's office. The old formula was based on school resources like textbooks, teacher salaries and other items, then scaled based on student enrollment. The new formula weights funding based on the needs of students, including those who are economically disadvantaged, have unique learning needs or live in a small or sparsely populated district. It also awards more money to districts that meet student achievement goals, or have rapidly-growing or declining student enrollment.
The full 90-page report, along with more details, can be found at TNcot.cc/OREA.
This article originally appeared on Nashville Tennessean: Tennessee schools got $1B funding bump under new formula, report finds
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
11 hours ago
- Yahoo
From celebrating Juneteenth to the erasure of Black history: Charles M. Blow on America today
The political analyst and former New York Times columnist Charles M. Blow shares his thoughts about our nation's newest federal holiday, Juneteenth: Last month I visited Emancipation Park in Houston, a park established in 1872 by the formerly enslaved as a space to celebrate Juneteenth, the day in 1865 that the news of emancipation was proclaimed in Galveston, Texas. Ramon Manning, the board chair of the park's conservancy, told me that his corporate sponsors had grown skittish about supporting Juneteenth-related activities and anything with words like "culture," "heritage" or "Black History" – words nearly impossible to omit in this park. This, for Manning, is a bit of a whiplash. Four years ago, in the wake of the massive protests following the killing of George Floyd, and in a Senate riven by partisanship, the bill to make Juneteenth a national holiday passed unanimously. Biden signs bill making Juneteenth a federal holidayWhat is Juneteenth? Learn the history behind the federal holiday's origin and name A year before that, in the closing months of his reelection bid, Donald Trump himself had proposed making it a national holiday in his so-called Platinum Plan for Black America. In fact, in 2019, Trump's statement commemorating Juneteenth ended by saying that on Juneteenth, "... we pay tribute to the indomitable spirit of African Americans." Now, the mood of the country has shifted. Pluralism and racial justice have been demoted in the zeitgeist, as Trump has returned to office on a mission to purge the government, and much of society, of Diversity, Equity and Inclusion (DEI) efforts. Trump administration threatens public schools' federal funding over DEI initiativesTrump's DEI undoing undermines hard-won accommodations for disabled peopleCompanies could face Trump repercussions over DEI This has spurred an erasure of Black history and Black symbols in some quarters, a phenomenon that I call "The Great Blackout" – from an executive order condemning the direction of the Smithsonian's National Museum of African American History and Culture, to the National Park Service removing - but being forced to restore - Harriet Tubman's image and quote to a page about the Underground Railroad. There are, unfortunately, countless examples. That chill is having a dampening effect on the upcoming observation of Juneteenth, far beyond Emancipation Park, as multiple cities have cancelled Juneteenth celebrations altogether. 2025 Indianapolis Juneteenth parade canceled San Luis Obispo Juneteenth event canceled In this sad new reality, America's youngest national holiday is now caught in the crossfire of America's raging culture wars. For more info: Charles M. Blow on Instagram Story produced by Robbyn McFadden. Editor: Chad Cardin. See also: Passage: The story of Juneteenth ("Sunday Morning")Decades after a mob destroyed her house, Opal Lee is returning home ("Sunday Morning") Dad says son "may never be the same" after alleged hazing Nature: Mating grebes From celebrating Juneteenth to the erasure of Black history: Charles M. Blow on America today
The Hill
17 hours ago
- The Hill
White House dismisses Pride Month as WorldPride gathers in Washington
President Trump's administration has not formally recognized Pride Month this year, but has doubled down on LGBTQ-related actions some advocates deem hostile — even as one of the world's largest Pride celebrations takes place in the nation's capital. Speaking with reporters on Tuesday, White House press secretary Karoline Leavitt said Trump has 'no plans' to issue a proclamation recognizing June as Pride Month. Trump declined to issue Pride Month proclamations throughout his first term but briefly acknowledged Pride in a 2019 social media post touting his administration's efforts to decriminalize homosexuality globally and recognizing the'outstanding contributions LGBT people have made to our great nation.' This year, Trump has not acknowledged Pride Month publicly. But the Education Department on Monday said it would instead recognize June as 'Title IX Month' in a nod to the administration's efforts to use the 1972 civil rights law to bar transgender students from girls' and women's school sports, restrooms and locker rooms. 'This is going to come as maybe tough news for the Trump administration to stomach, but June is Pride Month, whether they choose to acknowledge that or not,' said Brandon Wolf, national press secretary for the Human Rights Campaign, the nation's largest LGBTQ advocacy group. 'And Pride is, and always has been, a protest, whether they choose to acknowledge that or not.' Pride Month marches and celebrations began in June 1970, one year after demonstrators demanded equal rights for LGBTQ Americans at the Stonewall riots in New York. Three decades later, former President Clinton issued the first presidential proclamation designating June 'Gay and Lesbian Pride Month,' the scope of which was expanded under former President Obama to include bisexual and transgender people. Former President Biden issued Pride Month proclamations each of his four years in office. This year's Pride festivities are not only being brushed off by the White House, however. On Tuesday, Rep. Mary Miller (R-Ill.), whom Trump endorsed as a 'champion of our America First agenda' in her most recent re-election bid, introduced a resolution declaring June 'Family Month' in a rebuke of Pride. 'By recognizing June as Family Month, we reject the lie of 'Pride' and instead honor God's timeless and perfect design,' she told the conservative news outlet The Daily Wire. A group of Republican lawmakers, including Miller, also railed this week against a post by the children's television show 'Sesame Street' that acknowledged Pride Month. They accused the nonprofit TV network PBS, on which 'Sesame Street' has long aired, of 'grooming' children, an accusation that opponents of LGBTQ rights have long used to associate LGBTQ identity with predatory behavior. 'This hostile rhetoric, the lengths to which they've gone to punish people for existing as LGBTQ, all of it is a testament to just how much our power scares them,' said Wolf, noting that Washington's pushback against Pride comes as the city hosts WorldPride, an international LGBTQ Pride event that's expected to draw millions to D.C. Within the administration, Trump's Defense Department's actions have made perhaps the biggest splash during the first week of Pride Month. On Tuesday, reported that Defense Secretary Pete Hegseth ordered Navy Secretary John Phelan to rename an oil tanker named for the assassinated gay rights activist Harvey Milk, with an official announcement expected next week and planned intentionally for Pride Month. Milk, a Navy lieutenant who served during the Korean War and in 1977 became the first openly gay man elected to public office in California, spearheaded an effort to mobilize California voters to oppose a 1978 ballot measure that would have banned gays and lesbians from teaching in public schools. The proposal to strip the ship of Milk's name drew widespread media attention and criticism. 'I don't agree with it,' Retired Adm. James Stavridis, once floated as a possible candidate for Secretary of State during the first Trump administration, said Friday on 'The Michael Smerconish Program.' He questioned why 'we need to rename this ship' at 'this moment' during Pride Month. The Navy is also considering renaming other ships named after prominent civil rights leaders, according to CBS News, including Harriet Tubman, Thurgood Marshall and Lucy Stone. This week, Senate Republicans blocked a Democrat-led resolution that would have expressed the upper chamber's belief 'that the Department of Defense should not seek to remove these names.' This week, the military also ordered transgender service members to self-identify and start a voluntary separation from the armed forces by Friday, also during Pride Month. In an email, Alex Wagner, an adjunct professor at Syracuse University's Maxwell School of Citizenship and Public Affairs, said Hegseth's recent actions targeting Pride Month and LGBTQ people at the Pentagon 'have made him look petty and silly.' Wagner, who served as assistant secretary of the Air Force under former President Biden, helped organize the Defense Department's first Pride event in 2012 while serving in the Obama administration. 'There is absolutely no question, in my mind and in my experience, that the greatest engine for social justice and civil rights in American history is the U.S. military, and it's provided opportunity for everyone, no matter where they come from and no matter what they look like, to succeed,' Wagner said in an interview. 'To denigrate the service of those who sought a career serving the country … is evidence of someone who has not the right experience, not the right insight.' Hegseth, a frequent critic of efforts to promote diversity, equity and inclusion, has opposed recognizing or celebrating specific identities or differences in the military. 'I think the single dumbest phrase in military history is, 'our diversity is our strength,'' Hegseth said in a February address at the Pentagon. The former Fox News personality and Army veteran also ended the Defense Department's recognition of cultural and heritage months, including Pride Month, Black History Month and Women's History Month, shortly after his Senate confirmation. In guidance titled 'Identity Months Dead at DoD,' Hegseth stated, 'Efforts to divide the force – to put one group ahead of another – erode camaraderie and threaten mission execution.'
Yahoo
a day ago
- Yahoo
Prediction: This Artificial Intelligence (AI) Stock Could Hit a $6 Trillion Valuation by 2030
Nvidia is currently the world's largest company by market cap. The semiconductor giant still has a lot of room for growth, considering the potential investment in artificial intelligence (AI) infrastructure over the next five years. Nvidia has additional catalysts coming into play that could allow it to sustain terrific growth and hit a $6 trillion valuation in the future. 10 stocks we like better than Nvidia › Nvidia (NASDAQ: NVDA) is the most valuable company in the world as of this writing, with a market cap of $3.4 trillion, and it has reached this position thanks to a tremendous rally of more than 1,500% in its stock price in the past five years. Investors will now be wondering if Nvidia has the potential to deliver more upside over the next five years following this phenomenal run. However, don't be surprised to see this semiconductor giant's shares jump higher and attain a $6 trillion valuation by the end of the decade. Let's take a closer look at the factors that could help Nvidia hit that milestone by 2030. Robust demand for Nvidia's AI chips has been the biggest reason behind the stock's terrific surge in recent years. The good part is that Nvidia continues to generate a massive amount of revenue from its AI chip business despite tackling headwinds such as export restrictions to key markets like China. This was evident from Nvidia's latest results for the first quarter of fiscal 2026 (which ended on April 27). The company's revenue shot up 69% year over year to $44.1 billion during the quarter, even though it lost $2.5 billion in revenue in fiscal Q1, owing to the restrictions on sales of its chips to China. The chipmaker also incurred a $4.5 billion inventory charge to write down the value of chips that were intended for the Chinese market. Moreover, Nvidia's fiscal Q2 revenue would take an $8 billion hit on account of the China-related restrictions. But the good part is that the company's guidance for the current quarter still calls for a 50% year-over-year increase in revenue, while its earnings are expected to increase by 44% despite anticipated loss in Chinese revenue. CEO Jensen Huang admitted on Nvidia's latest earnings conference call that the $50 billion Chinese market is now effectively closed to U.S. players such as Nvidia. Even then, analysts have increased their revenue estimates. That's not surprising, as Nvidia still has a massive sales opportunity in AI chips beyond the Chinese market. It is now entering new markets such as Saudi Arabia to build AI factories "powered by several hundred thousand of Nvidia's most advanced GPUs over the next five years," according to the company. Additionally, massive AI infrastructure projects such as Stargate, from which Nvidia has started benefiting already, could help it mitigate the lost opportunity in China. Management consulting firm McKinsey & Company predicts that AI-capable data centers could require investments worth a whopping $5.2 trillion by 2030 to build enough computing power to handle training and inference workloads. So investors would do well to look past the China-related problems that Nvidia is currently facing, as the broader opportunity in the AI data center market should be lucrative enough to help the chipmaker keep growing at a healthy pace for the next five years. Moreover, Nvidia is showing no signs of losing its grip over the AI chip market. Its data center revenue shot up an impressive 73% year over year to $39 billion in the previous quarter. That was miles ahead of Broadcom's $4 billion AI revenue and AMD's $3.7 billion data center sales in the previous quarter, the two chipmakers that are considered to be the closest to Nvidia in the AI chip race. Nvidia's data center growth was higher than the 57% growth recorded by AMD in this segment and close to the 77% growth in Broadcom's AI revenue, even though it has a much larger revenue base. This is a testament to just how popular Nvidia's AI chips are, with the company's latest generation of Blackwell processors already a major hit among cloud computing giants within two quarters of hitting the market. Even better, Nvidia has moved past just selling AI hardware. It also offers access to models that help customers train and deploy AI agents, along with other enterprise AI applications that allow customers to improve the efficiency of their large language models (LLMs). Its enterprise platforms are gaining traction in diverse industries such as cybersecurity and restaurants where companies are deploying Nvidia's solutions to streamline their operations or to build agentic AI applications. All this indicates that investors shouldn't miss the forest for the trees, as Nvidia's long-term prospects aren't dependent on just China. There is still a lot of room for growth in the AI chip market, and the company's diversification into other areas such as enterprise AI applications and automotive should be enough to power remarkable growth over the next five years. Nvidia is currently trading at 23 times sales. While that's three times the U.S. technology sector's average price-to-sales ratio, the company's dominant position in AI chips, the prospects of this market, and the other catalysts that are coming into play help justify that valuation. We have already seen in the chart that Nvidia's top line is expected to jump to $292 billion in three years. If it maintains its sales multiple at that time, it will be able to easily surpass a $6 trillion valuation in just three years, representing a big jump from current levels. However, if we assume Nvidia's top-line growth slows after fiscal 2028 to an annual rate of 15% in fiscal 2029 and 2030 from the 31% compound annual growth rate that it is forecast to clock between fiscal 2026 and 2028 (using fiscal 2025 revenue of $130.5 billion as the base), its annual revenue could jump to $386 billion after five years. If Nvidia trades at a discounted 15 times sales at that time, it could still hit a $6 trillion valuation by 2030. So, investors can still consider buying this AI stock in anticipation of more upside in the long run, as it seems capable of maintaining its healthy growth rate over the next five years. Before you buy stock in Nvidia, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Nvidia wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $669,517!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $868,615!* Now, it's worth noting Stock Advisor's total average return is 792% — a market-crushing outperformance compared to 171% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of June 2, 2025 Harsh Chauhan has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Advanced Micro Devices and Nvidia. The Motley Fool recommends Broadcom. The Motley Fool has a disclosure policy. Prediction: This Artificial Intelligence (AI) Stock Could Hit a $6 Trillion Valuation by 2030 was originally published by The Motley Fool Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
