Public education funding announcement causes ripples

Why it matters: The state's complicated Basic Education Program funding formula, which is used to determine how much money public schools receive, has long been criticized as insufficient. Metro Nashville Public Schools is part of an ongoing lawsuit challenging the funding rubric, which is sure to loom large over Lee’s effort.

• This is the latest in a series of efforts to change the BEP, which has been in place since 1992.

Between the lines: Lee's administration suggested the formula would be redesigned to focus on individual student needs rather than broader staffing and administrative needs.

Yes, but: Chalkbeat Tennessee reported that language could create a model which steers more funding toward vouchers and charter schools.

Flashback: Advocacy groups and review committees have proposed many changes to the formula over the years.

• In a statement after Lee's announcement Friday, the Nashville Public Education Foundation said it was "cautiously optimistic" about the upcoming review.

Context: Tennessee's annual budget allocates more to education than anything else, but the funding still pales in comparison to most other states.

• "The real problem here isn't the complicated formula to split up the BEP funds. The problem is the uncomplicated decision to invest fewer dollars in education than basically every other state," State Sen. Jeff Yarbro, D-Nashville, said in a statement to the Tennessean.