Senate Bill 2072, also known as the "Better Spending, Better Schools Act of 2026," amends Tennessee education law by requiring each local education agency (LEA) and public charter school to submit an annual expenditure report to the Office of Research and Education Accountability (OREA) and the Department of Education by August 1. The bill mandates that the Department of Education develop a standardized form for these reports, which must categorize expenditures into seven specific areas: instructional costs, student support services, school administrative costs, district administrative costs, operation and maintenance costs, professional development costs, and expenditures from direct allocations.

Additionally, the bill stipulates that the Department of Education must make these expenditure reports publicly available on the state report card, which 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 aims to enhance transparency and accountability in educational spending across Tennessee.