Andy Spears of the Tennessee Education Report informs his readers that the state has a budget surplus in excess of $ 2 billion. It also has public schools that are perennially underfunded. How will the state spend the surplus?

He writes:

A state with one of the lowest investments in public education in the country now has a record budget surplus. This, of course, means Tennessee could make great strides in shoring up an education budget that can best be described as severely lacking without raising taxes one dime. In fact, investing in schools with new state money would also have the added benefit of keeping local property taxes low. It’s a policymaker’s dream.

That’s why Gov. Bill Lee has announced his definitive TISA plan – Tennessee Investment in Student Achievement.

Apparently, a key element of that plan was just announced today:

While we’re on the subject, let’s examine the reality of Lee’s TISA school funding plan:

A $500 million investment in a domed stadium in Nashville for the Tennessee Titans.

Sure, that really has nothing to do with student achievement or funding schools or anything at all related to education. It does, however, continue a trend of placing just about everything else above public schools when it comes to Lee’s priorities.

First, it does nothing to shore up the shortage of teachers needed to adequately support students now. That is, according to both TACIR and the Comptroller, Tennessee districts hire MORE teachers (11,000 more, to be exact) than the current formula funds. Guess what? TISA does nothing to change that. There is no indication that the weights will mean more teachers hired and supported by state funding.

Next, TISA does nothing to boost overall teacher pay. Sure, TISA “allows” lawmakers to earmark certain funds to give raises to “existing” teachers, but that doesn’t mean they will. Nor does it mean those raises will be significant. This year’s $125 million set aside for teacher compensation will mean what is effectively a 2-3% raise for most teachers. Based on current inflation rates and rising insurance premiums, this essentially amounts to a pay cut.

While the plan doesn’t address the shortage of teachers or teacher compensation or local costs for hiring/retaining teachers, it does raise local property taxes.

Open the link and read how Governor Lee will ingeniously raise property taxes, build a shiny new domed football stadium, and shortchange the school children of Tennessee. All while sitting on a huge surplus.