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The state’s rainy day fund hit an all-time high during budget allocations last April, bringing the total reserve funds to just below $2.2 billion.ÌýBut while Tennessee’s reserve funds are much higher now than they ever have been, Tennessee still lags behind other states when factoring in the expenses that fund would actually cover.

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Funding for those who applied to receive the Education Freedom Scholarship (EFS) is expected to arrive late this summer. Meanwhile, private schools in Tennessee are set to start classes back up in August.