Tennessee in line to receive $8.56B from latest federal relief package

Gov. Bill Lee speaks to reporters outside the War Memorial Auditorium in Nashville on Jan. 19, 2021. (Erik Schelzig, Tennessee Journal)

Tennessee is projected to receive $8.56 billion in the latest round of federal COVID-19 relief funding, according to Gov. Bill Lee’s Financial Stimulus Accountability Group. That includes $4 billion to the state, $2.26 billion to local governments, and $2.3 billion to local school districts.

The state share includes $3.82 billion for the state fiscal recovery fund and $216 million for state coronavirus capital projects.

The local fiscal recovery fund includes $941 million for cities and $1.33 billion for counties.

“These funds represent an historic opportunity to make investments in your communities,” Comptroller Jason Mumpower said in a meeting of the financial group.

34 Responses to Tennessee in line to receive $8.56B from latest federal relief package

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    MARLE says:

    Wish these Federal handouts were expressed in per capita to compare TN neediness with other states.

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    Ken says:

    Gov. Lee and Secretary Mumpower acknowledge with, thanks this aid — made possible from President Biden and House and Senate Democratic Party members. Right?

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      Stuart I. Anderson says:

      OOOOOOOOOO FREE MONEY WEEEEEEEEEE And our debt is only about $27 trillion – another $3+ billion “infrastructure” boondogle with money we don’t have and that will make an even $30 billion. I wonder who’s gonna pay for all of this stuff?

      • Avatar
        Stuart I. Anderson says:

        That should be “3+ trilllion” not “billion.”

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        James White says:

        You are Right. We will be paying wheel barrows of money for a loaf of bread pretty soon.
        \

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          Stuart I. Anderson says:

          Oh James, don’t be such a doomster! The Germans did that about 1927 and that didn’t turn out too badly did it?

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        MARLE says:

        I wonder who’s going to pay for it too. Let’s ask all the republicans who you supported and who have voted for deficit budgets and increasing debt year after year after year after year………….and who supported the helicopter drop of Free Money when Trump first called for the $1400 per person to people who had not lost their jobs and who could have been earning more in the age of covid than at any time in their careers.

        Yet…let’s ask republicans in Washington who is going to pay for all of this.

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          Stuart I. Anderson says:

          I know microanalysis takes time so let me tell you about our political system which you apparently have forgotten. See, we have two political parties whose candidates have any chance to win elections. If you want to participate in our elections you best pick a candidate from one of those parties. It’s tough, 330 million or millions or about 750,000 etc people and it comes down to a handful in primaries or two in general elections. An imperfect system indeed! Fertile ground for microanalysts to unleash withering continuous criticism and NEVER quite getting around to voicing support for ANYONE ANYTIME. Some of us, however, are content to be macroanalysts and choose the best of what we have to pick from and hope to influence government in the right direction as best we can.

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          James White says:

          We are spending (and OWE) more than the Tax Revenue coming in.

          FY 2021 $3.86 (estimated)
          FY 2020 $3.71 trillion (estimated)
          FY 2019 $3.46 trillion (actual)

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          MARLE says:

          You asked who was going to pay for it. I said I’d like to know and maybe we should ask those who perpetually vote to increase the problem.

          When you don’t have any answer for the comment then your comeback is to Label. In this case it’s micro analysis which this is by no means an example of. Is it that vocabulary and definition is your achilles heel or that your never interested in responding to the comment except for tossing out a label~ and one that doesn’t fit at all.

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            Stuart I. Anderson says:

            Here’s a label; I’m a “conservative with a libertarian seasoning.” I regard government as a necessary evil that should be kept as small and restrained as possible.

            “When the people find that they can vote themselves money, that will herald the end of the republic.” – Ben Franklin. There is no appetite in this country for the austerity it takes for fiscal discipline so our political parties and leaders reflect that fact. It’s no more complicated than that. I think this country is headed toward the end of our democratic republic. I’m simply devoted to electing people who can tap the brake every once in a while to slow the descent to make this republic last as long as I’m around.

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            MARLE says:

            For as long as you’re here…….You are truly playing the short game then. Folks should be clear on your very short time horizon as they give any credence to the policies you favor.

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            Stuart I. Anderson says:

            Please have some sympathy MARLE, not all of us were blessed with your positive attitude and cheery disposition.

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            James White says:

            Marle, it isn’t really who is going to pay it (your grandchildren, it really cannot be paid back even in their life time). The question is why does the Debt keep going up no matter which party is in control?
            What group is controlling both parties?

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            MARLE says:

            That was a rhetorical comment. No one is going to pay for it b/c by the time my grandchildren are earning a spectacular living the equal of my sons, the debt burden will only have gone infinitely higher. Add to that the total number of people with their hands out, paying nothing in Fed Income Tax (which is the only source of debt payment) will increase as well. Have we paid down the debt for the last number of DECADES???? It will never stop growing until some cataclysmic event falls on our head.

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        Alfred Lutz says:

        I assume you made the same argument about Trump’s $ trillion tax cuts?

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    James White says:

    Fix The Roads !

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    Phillip Lassiter says:

    The Governor does not have to do any work now. We are lucky

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    David Collins says:

    Funny thing. I don’t remember all this broohaha about deficits when that lying SOB who was in the White House before Biden raised the deficit by 2 trillion dollars sponsoring a tax cut that the main benefit went to the top 2%. Where was all this hue and cry back then? Hypocrites!

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      Stuart I. Anderson says:

      Keep you shirt on David, there is no “hue and cry” now from anyone but we small government types who were opposed tax cuts with no restraint on government spending under Trump as we are now opposed to simply wild debt financed spending. It’s simply hopeless until severe inflation strikes/the interest payments on debt consumes so much of our government budget that austerity comes with vengeance/foreigner will stop buying our debt because of inflation and the fact that we have become so overleveraged.

      The American people have lost their discipline because generations of liberals have convinced them they don’t need any and Republicans can now join in or lose. Merrill Lynch is no more and I’m not bullish on America.

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        Jonathan Swift says:

        More obfuscation from S.I.A. When only about half the population pays income taxes, the fiscal burden falls on the other half. Of that other half, a small fraction control most of the wealth, and have ensured that their elected puppets limit their taxes. Meanwhile, deficit spending from magically created money keeps the rabble from coming after the top 2% and provides even more money flow to the top.

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        MARLE says:

        Merrill Lynch is not more????? What did you do with them, Stuart? Are you in the throes of dementia???????????????????????????????

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          Stuart I. Anderson says:

          Remember? Merrill Lynch was on the verge of bankruptcy so management begged Bank of America to buy them out at a distressed price. Oh, that happened back in 12/2008 after Lehman Brothers did go bankrupt when the government failed to bail it out in Sept. 2008. I remember MARLE don’t you? Hmmmmmm.

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            MARLE says:

            Merril Lynch functions separately as a broker. The bank folks cannot pull up your Merrill account. It is not gone. Lehman’s is indeed gone. Merrill is not.

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    James White says:

    And then there are those that said a “vaccine passport” was conspiracy theory.

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    Misty Pardner says:

    So Tennessee has been bragging about it’s revenue surplus every month during the pandemic and they are gleefully accepting Federal debt money. So much for fiscal conservatism.

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      Stuart I. Anderson says:

      Misty, your liberal friends are unnecessarily dropping money here, there, everywhere. As a Tennessee citizen would you want this state to decline to accept the money? Think about it Misty, just because we are a state well managed by relatively conservative Republicans are we not entitled to that money too. Tennesseans sure as hell will suffer the consequences of this spendthrift government along with every other American.

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