Senate Bill 2072, known as the "Better Spending, Better Schools Act of 2026," aims to enhance transparency in educational spending across local education agencies (LEAs) and public charter schools in Tennessee. The bill mandates that each LEA and public charter school submit an annual expenditure report to the Office of Research and Education Accountability (OREA) and the Department of Education by August 1. The report must detail expenditures from the previous school year across several categories, including instructional costs, student support services, school and district administrative costs, operation and maintenance costs, professional development costs, and expenditures from direct allocations.

Additionally, the Department of Education is tasked with developing a standardized form for these reports and ensuring that they are publicly accessible by posting them on the state report card. The report card will also include the total amount of state funds appropriated to each LEA and public charter school through the Tennessee Investment in Student Achievement (TISA) program, along with the required local contribution for the school year. This legislation is designed to promote accountability and informed decision-making regarding educational funding.