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Tennessee gets more federal dollars than it pays While people frequently lament the amount of money sent to Washington, a new report indicates residents of Tennessee send a lower percentage of their income to the federal government than most other states. The study by WalletHub found that residents of Republican dominated states are more likely to receive help from the federal government, and that in turn helps the states to keep their local tax bills lower. The study analyzed the disparity between states and their share of federal funding, based on government data. Tennessee is ranked seventh in the states that receive more federal funding than they pay to Washington. The study says for every dollar sent to Washington, Tennessee receives $1.64. The state receives 41.3 percent of it's revenue from the federal government. Without this money, revenue would have to be found elsewhere, likely through tax hikes or key state services would have to be reduced, the study says. The study also found that 7.8 percent of the state’s workforce owes its livelihood to Washington. State Representative Jeremy Faison (R-Cosby) in response said Tennessee receives just over $17 billion annually from Washington. And Faison points out that until four years years ago Tennessee was controlled by Democrats. WalletHub, is an online financial information source for consumers and small businesses.
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Return to Today's News Stories - Front PageThursday, April 29, 2021
US 411 Project News
Mill Creek Wildfire Update
More Bad News For Smokies' Fans
Wednesday, April 28, 2021
Mill Creek Wildfire doubles in size
Goodbye Smokies?
Keep Cocke County Beautiful
Cocke Co. High School Remote Learning today!
Tuesday, April 27, 2021
The fireflies are coming!
Burnout Operations on MillCreek wildfire today
Gas prices drop
Tennessee keeps all US House seats
Monday, April 26, 2021
Boat accident victim ID'd
Traffic stop yields drug arrest
Cocke County Wildfires
Friday, April 23, 2021
Leaving WNPC
Mathis announces candidacy
Newport drug roundup
Cruise Against Cancer
Jobless numbers
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