Gold Depository in Tennessee Not Currently Feasible, State Officials Say

Proponents of Tennessee having its own gold depository say that investing in gold could protect the state and its residents during severe economic downturns. But in a new report, published Tuesday, members of the Tennessee Advisory Commission on Intergovernmental Relations (TACIR), said now is not the time.

Read More

Tennessee’s Estimated Infrastructure Costs Balloon to $58 Billion

The state’s necessary costs for infrastructure have ballooned to $58 billion for projects from 2019 to 2024. The Tennessee Advisory Commission on Intergovernmental Relations (TACIR) issued the annual report on Monday. TACIR noted that the $3.8 billion difference from last year’s report marked a nearly 7 percent increase.

According to TACIR, the bulk of the increase – nearly $3 billion – came from transportation and utility needs, mainly for new road and sidewalk projects. Needs of the “general government” accounted for a majority of the remainder at $608 million.

Read More

State Commission Report: State and Local Education Funding for K-12 Exceeded Basic Education Program Requirements by $2.1 Billion in 2017-18

According to a state commission report that studied education funding for fiscal year 2017-2018, the combined state and local government funding exceeded the Basic Education Program (BEP) funding formula by $2.1 billion.

The report, “K-12 Public Education Funding and Services,” was prepared by the Tennessee Advisory Commission on Intergovernmental Relations (TACIR) at the request of then Chairman of the House Finance, Ways and Means Committee Charles Sargent in April 2018.

Read More