Despite growing state budget pressures, Gov. Phil Bredesen is committed to “doing everything possible” to maintain state K-12 funding and avoid cuts in state-funded Pre-K — both cornerstones of Fast Forward’s human capital plan.
During the first round of state budget hearings in November, Gov. Bredesen named K-12 funding as his top priority. Though no increases will be sought for BEP 2.0, a significant revision to the state funding formula which is now funded at 50%, the Governor hopes to not lose ground in the coming fiscal crunch. Though many other departments are being asked to cut up to 20% of their budgets, the Governor will seek up to $80 million in added funds this year to cover inflationary costs necessary to maintain last years increase in K-12 funding.
The Governor has also vowed to protect Pre-K programs. However, any funding increase in this area is unlikely.
For More Information Contact: Rachel Wood (615) 253-1960
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