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

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.