Gov. Bill Lee apparently isn’t all that excited about the billions of dollars in money coming into Tennessee by way of the American Rescue Plan. Here’s a recent tweet from Lee expressing his dismay with the proposal that means money in the pockets of many Tennesseans and will send $2.6 billion to our state just for education.
I guess Lee feels like it is a punishment for a state like Tennessee, which ranks 46th in education funding, to receive $2.6 billion to help our schools. Will he stand at the state line and stop the money from coming into our severely underfunded schools?
Interestingly enough, pro-privatization group 50CAN published a report outlining how the funds from the American Rescue Plan will benefit public schools. They used Tennessee as an example case to demonstrate the flow of the added cash.
So, our state will see $2.6 billion. Most of that will flow directly to local districts. In this example, we see that Shelby County gets more than half a billion dollars. As the CONTINUE READING: Bill Lee vs. Tennessee Schools – Tennessee Education Report
Another $200 Million – Tennessee Education Report - http://tnedreport.com/?p=5209 via @TNEdReport
The Tennessee Department of Revenue has released February numbers and it seems our state has nearly $200 million more than was budgeted – in February alone. This continues a trend of the state’s revenue far-exceeding budgeted estimates.
Here’s more from the Department’s press release:
Tennessee Department of Finance and Administration Commissioner Butch Eley today announced that Tennessee tax revenues exceeded budgeted estimates in February. February revenues totaled $1.13 billion, which is $112.7 million more than the state received in February 2020 and $190.9 million more than the budgeted estimate. The growth rate for February was 11.06 percent.
Despite the continued positive revenue news, Gov. Lee and legislative leaders appear CONTINUE READING: http://tnedreport.com/?p=5209
