Published 12 days ago • loading... • Updated 10 days ago

Tennessee governor proposes another $1B toward roads amid a $30B project backlog

Tennessee Governor Bill Lee proposed over $1 billion for road projects to tackle a $30 billion backlog, which exceeds current funding from gas taxes and fees.
Lee's budget plan includes nearly $1 billion in one-time state tax money and $80 million annually from tire sales tax.
The governor aims to create 0% construction loans for single-family homes.
Additionally, Lee proposed a $50 million contribution to the Tennessee Valley Authority for a small modular reactor development.

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The Daily Memphian

State of the State: Gov. Lee proposes $1B toward $30B road projects backlog

Tennessee Gov. Bill Lee on Monday proposed more than $1 billion into road projects financed by a one-time use of general state tax money and a plan to shift $80 million annually from the sales tax on tires.

12 days ago

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KOB 4

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Tennessee governor proposes another $1B toward roads amid a $30B project backlog

NASHVILLE, Tenn. (AP) — Tennessee Gov. Bill Lee on Monday proposed an injection of more than $1 billion into road projects to help address the state’s $30 billion projects backlog, which will again need more than what gas taxes and other fees can provide. The Republican governor’s budget proposal includes nearly $1 billion in one-time, general state tax money and a plan to shift $80 million annually from the sales tax on tires. It comes two year…

12 days ago·Albuquerque, United States

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Tennessee Lookout

Tennessee budget plan offers no tax breaks • Tennessee Lookout

Among the big ticket items in Gov. Bill Lee' proposed budget is a $1 billion increase in road spending. (Photo: Getty Images)A year after giving businesses a $1.5 billion tax break, Tennessee Gov. Bill Lee’s budget plan for the next fiscal year includes no such tax cuts — and none for grocery shoppers as lawmakers push two proposals to lower costs at the checkout counter. Instead, the $59.4 billion spending proposal reflects a $1 billion increas…

12 days ago

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Radio 7 Media

The Governor’s Proposed Projects - Radio7Media

Tennessee Governor Bill Lee proposed an injection of more than $1 billion into road projects to help address the state’s $30 billion projects backlog,. The Governor’s budget proposal includes nearly $1 billion in one-time, general state tax money and a plan to shift $80 million annually from the sales tax on tires. It comes two years after Lee and lawmakers approved a similar $3 billion shift of general tax money to roads funding, which is tradi…

10 days ago

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