To help policymakers and stakeholders explore pathways to reforming Nebraska’s outdated K-12 funding system, Reason Foundation created the Nebraska K-12 Education Funding Reform Model. Because the tool requires background knowledge of the state’s current funding system, this column will first provide an overview of how the state currently funds public school districts and then give instructions on how to start using this interactive tool.
How the TEEOSA Formula Works
Nebraska’s core K-12 funding formula, the Tax Equity and Educational Opportunities Act (TEEOSA), controls about 94% of all state and local school operations funding in Nebraska. Put simply, the TEEOSA formula calculates school