Educational Savings Account Information #6 Funding – Currently, public schools are funded by the new TISA formula. This formula funds public schools with a base rate of 6,860. In addition, schools receive additional funds through Direct Funding, Weighted Funding and Outcomes Funding. Direct funding is based upon several different factors. An example is a school with students in K-3 receive base plus 500 because of the needs of students in this grade band. In addition, a school can receive additional funding for performance. For example, If a student is identified as economically disadvantaged, an EL, or a student with a disability, then a student meeting the academic target generates a bonus of 20% of the base funding amount. Finally, a school can receive additional funding for various classifications for students. For example, a school will receive an additional 25% of the base for a student that is classified as economically disadvantaged. Under the current proposal for ESA’s none of the funding mechanisms for public schools are changed. Currently, public schools only get state funding for students attending their school. Therefore, students that are currently enrolled in any other school besides their local public school that enroll in the ESA program will have no impact on the local school system budget. The only impact on a local school system budget is when a currently enrolled student elects to attend another school (another public school, charter school, home school, TN virtual school, online program or private school etc..). I am thankful for our local public schools, and I support them. I also believe in supporting families, and their ability to choose the best school for their children. You can learn more about TISA funding at https://lnkd.in/gt3khVsR or the ESA proposal at https://lnkd.in/gBdZHzSg