Follow whats happening in Tennessee schools in our newsletter, delivered every weekday. In addition to a $250,000 grant directly for the organization, theres $500,000 for an interoperable student data systems study fund, and $160,000 for a national student clearinghouse data fund. Defined benefit plans use a formula to calculate monthly retirement benefits once eligibility requirements have been met. Last years budget bumped the reimbursement rate child care centers get for NC Pre-K by 4% over the biennium. "Many superintendents across the commonwealth have said if we can fund full-day kindergarten, then they can do the preschool. I think when we talk about funding for education, many of us in the General Assembly see funding for education as involving charter schools and private schools along with all-day kindergarten all as new frontiers for funding education.. Thats for most employees. State Sen. Eddie Lucio Jr., a Brownsville Democrat who serves as vice chair of the Finance Committee, said his worst-case scenario this session would have been massive budget cuts to public schools like the cuts lawmakers made in 2011 after a recession. The surplus was $247 million in 2012 and had dwindled to $64 million by the end of 2021, according to the plans actuarial report for 2021.