Tennessee’s GOP-imposed pay-as-you-go system for funding road projects is smacking hard against $58 billion in planned road construction projects this year. MeanwhileTennessee’s GOP-imposed pay-as-you-go system for funding road projects is smacking hard against $58 billion in planned road construction projects this year. Meanwhile

Red state’s infrastructure 'falling down' as Trump economy strikes: report

Tennessee’s GOP-imposed pay-as-you-go system for funding road projects is smacking hard against $58 billion in planned road construction projects this year. Meanwhile, new financial demands imposed by the Republican Congress and President Donald Trump are leaving state leaders with no long-term strategy to fund them, according to state transportation officials.

The Tennessean reports anti-tax Republicans consider debt anathema to budget decisions. But Transportation Commissioner Will Reid says that the state's zero-debt system is unable to keep up with a growing deluge of highway and bridge needs.

“It’s kind of like the boy at the dike that’s got cracks in it,” said Reid. “We used to be sticking fingers and toes wherever we could stop the leaking. Well, the reality is, unless you fix the dam, you’re eventually going to run out of fingers and toes.”

Rep. Ronnie Glynn, D-Clarksville offered a similar metaphor: “… [Y]our house is falling down but you refuse to take out a loan because you don’t want to mess with your credit – and then your house is on the ground. You have nowhere to live.”

But lawmakers may have to raise taxes or fees on residents to make ends meet this year thanks to budget decisions on the federal level. “The state’s revenue is no longer booming … and new costs of administering federal programs have been passed down from the federal government after cuts by the Trump administration last year,” the Tennessean reports.

Tennessee Republicans, who have held a trifecta over the state since 2011, already know they are facing “stagnant revenue and federal funding cuts that shifted costs to states,” the Tennessean reports, adding that state economists predict revenue growth won't keep up with projected inflation.

“On top of tight state revenue, lawmakers will have to find funding for new costs passed to states due to federal cuts in President Donald Trump’s budget reform package,” the Tennessean said. “For example, Tennessee will be on the hook to pay $97 million in administrative costs this year previously covered by the federal government to keep the Supplemental Nutrition Assistance Program running.”

“$97 million seems like a lot of money to administer a program,” Republican House Speaker Cameron Sexton told the Tennessean. “I don’t understand that.”

Read the Tennessean report and relevant links here.

  • george conway
  • noam chomsky
  • civil war
  • Kayleigh mcenany
  • Melania trump
  • drudge report
  • paul krugman
  • Lindsey graham
  • Lincoln project
  • al franken bill maher
  • People of praise
  • Ivanka trump
  • eric trump
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

SBI Holdings introduces SBI Hyper Deposit with XRP gifts and rate cuts

SBI Holdings introduces SBI Hyper Deposit with XRP gifts and rate cuts

The post SBI Holdings introduces SBI Hyper Deposit with XRP gifts and rate cuts appeared on BitcoinEthereumNews.com. Key Takeaways SBI Holdings has introduced ‘SBI Hyper Deposit’, automating transfers between bank and securities accounts. Launch incentives include XRP cryptocurrency gifts and reduced mortgage rates for early adopters. SBI Holdings launched “SBI Hyper Deposit,” a new service that automates transfers between bank and securities accounts. The Japanese financial services company is offering launch incentives including XRP gifts and reduced mortgage rates to customers who sign up for the automated transfer system. The service is designed to streamline the movement of funds between different SBI financial products, allowing customers to manage their banking and investment accounts more efficiently through automated transfers. Source: https://cryptobriefing.com/sbi-holdings-hyper-deposit-xrp-incentive/
Share
BitcoinEthereumNews2025/09/18 20:52
Why Was Coinbase’s Brian Armstrong Snubbed by Top US Bank CEOs at Davos?

Why Was Coinbase’s Brian Armstrong Snubbed by Top US Bank CEOs at Davos?

The post Why Was Coinbase’s Brian Armstrong Snubbed by Top US Bank CEOs at Davos? appeared first on Coinpedia Fintech News Reportedly, JPMorgan CEO Jamie Dimon
Share
CoinPedia2026/01/31 16:43
Visa and Mastercard Say Stablecoins Aren’t Ready for Everyday Payments in Developed Markets

Visa and Mastercard Say Stablecoins Aren’t Ready for Everyday Payments in Developed Markets

Visa and Mastercard Say Stablecoins Are Not Yet Ready for Everyday Payments Global payment giants Visa and Mastercard have signaled caution on the role of stabl
Share
Hokanews2026/01/31 16:08