Education - As introduced, requires, if a local government adopts a budget that includes the required maintenance of effort for education funding but fails to appropriate or allocate the full amount budgeted to the LEA, the local government, in the following fiscal year, to appropriate and allocate the unfunded portion to the LEA; specifies that the maintenance of local funding effort required for a fiscal year following a fiscal year in which the local government failed to appropriate or allocate the full amount budgeted to the LEA must be determined based on the amount budgeted to the LEA for the previous fiscal year instead of the amount actually appropriated or allocated to the LEA by the local government. - Amends TCA Section 49-3-314.

SB 614 requires Tennessee local governments to make up any shortfall in education funding they budgeted but failed to actually allocate to schools (LEAs) in the following fiscal year. It mandates that the missing funds must be paid in full the next year, and future funding requirements must be calculated based on the originally budgeted amount - not the actual amount paid - going forward. This affects local governments (like counties or cities) that manage education budgets and directly impacts public schools (LEAs) receiving those funds. The bill aims to ensure consistent school funding by preventing local governments from reducing education spending below their budgeted levels. It amends Tennessee Code Annotated § 49-3-314(c) and applies to fiscal years starting in 2025-2026.