Amends TCA Title 49, Chapter 13.

This bill requires the comptroller to annually compile the average statewide total compensation package, including salary, benefits, and other payments, of licensed administrative and supervisory staff employed by LEAs according to the position held by the employee, the employee's training, and the employee's experience; and to post the compilation on the comptroller’s website.<br /> <br /> PUBLIC CHARTER SCHOOLS<br /> <br /> This bill further provides the following:<br /> <br /> (1) Before hiring a licensed administrative or supervisory staff member or increasing the compensation of a licensed administrative or supervisory staff member, the governing body of a public charter school must compare the proposed compensation to the comptroller's compilation;<br /> <br /> (2) If the proposed compensation described in (1) is more than 150 percent of the average statewide compensation of licensed personnel in a similar position with comparable training and experience, then the governing body must submit the proposed compensation to the governing body's authorizer for approval; and<br /> <br /> (3) The authorizer of the public charter school must approve the proposed compensation by a majority roll call vote before the staff member may be paid accordingly. If the authorizer does not approve the proposed compensation, then the governing body must set the proposed compensation at an amount that does not exceed 150 percent of the average statewide compensation of licensed personnel in a similar position with comparable training and experience.<br /> <br /> ANNUAL PROGRESS REPORT<br /> <br /> Generally, under present law, the governing body of a public charter school must submit an annual progress report to the authorizer and to the commissioner of education. This report must contain, amongst other information, financial records of the school, including revenues and expenditures. This bill adds that the information must include a list of all licensed administrative and supervisory staff members whose proposed compensation was submitted to the school's authorizer for approval, together with the proposed compensation; the authorizer's resulting disposition; and the ultimate compensation paid.<br /> <br /> APPLICABILITY<br /> <br /> This bill applies to the 2023-2024 school year and each school year thereafter.<br />