Tiptonville and Ridgely are both set to receive one-time grants included in Governor Lee’s 2019-2020 fiscal year budget.
Tiptonville is to receive $62,524 and Ridgely is to receive $33,284.
The funds were announced during last week’s state of the state address from Governor Lee.
His proposed budget included $100 million in one-time funding for local government: $50 million to be allocated among cities and $50 million to counties.
Each city’s specific grant is based upon its population.
The city must use its designated grant amount to make a non-recurring expenditure in the following areas: public safety, street projects, capital maintenance, utility system upgrades, IT hardware upgrades.
Each city must adopt a resolution indicating its desire to receive the grant and clearly identify the planned use of grant monies.
The resolution must be sent to F&A to verify planned use is consistent with criteria.
The grants are to be administered by the comptroller.
The grants are a result of Tennessee Municipal League’s executive committee meet with the governor and state leaders to ask that cities share in the proceeds of the state’s economic and fiscal prosperity. In addition, TML staff has had multiple follow up conversations with the governor’s staff and the department of finance and administration’s staff. These conversations revolved around surplus revenues (one-time, non-recurring) funds as well as recurring appropriations.
Other nearby towns to receive funding are: Union City, $129,767; Troy, $29,631; Samburg, $17,229; Dyersburg, $195,840.