SB 426

Present law establishes the Tennessee investment in student achievement formula (TISA), which is a student-based funding formula established as the system for funding edu cation for K-12 public schools. Under TISA, a student generates weighted allocations. SMALL DISTRICTS Under present law, the weighted allocation for a student who resides in a small district is 5%. This bill would raise the weighted allocation to 10 %. Under present law, a "small district"" means an LEA with a membership of 1, 000 or fewer students. This bill would change the definition to an LEA with a membership of fewer than 1, 000 students. This bill also adds a weighted allocation for a student who resides in an LEA with a membership of:  Between 4, 000 and 4, 999 students, both inclusive, of 1%  Between 3, 000 and 3, 999 students, both inclusive, of 2%  Between 2, 000 and 2, 999 students, both inclusive, of 3%  Between 1, 000 and 1, 999 students, both inclusive, of 4% ALLOCATIONS FOR MAINTENANCE AND INFRASTRUCTURE This bill also adds that a student generates a direct allocation for the LEA in which the student is a member in the amount of $50 for maintenance and infrastructure. APPLICABILITY This bill applies to the TISA for the 2025-2026 school year and each school year thereafter."