Here's the archive link, forgot to use it for the post
https://archive.ph/aNoMk
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Beyond being another hateful iteration of the conservative assault on trans people’s rights, the bill could have the state of Tennessee losing buckets of money as the legislation would contradict federal guidelines. If it passes the bill, Tennessee could lose $1.2 billion worth of federal education funding, and another $750,000 of federal grants dedicated towards supporting women and children. Other state and local government entities could be impacted as well.
Even with that potentially astronomical loss of funding, the bill passed the Senate 27-6, exhibiting the relentless urge Republicans have to target trans people at any cost.
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I thought Texas was the only "red" state that had anything resembling a positive contribution to the federal budget. If they somehow manage to spend more tax money than they take in, while being the second largest state-economy, it would be a downright impressive level of mismanagement.
Texas does not have either a state income tax or state property tax. Over 80% of its revenue comes from its 6.25% state sales tax. They're currently trying to lower their local property taxes, which will almost entirely eliminate funding for public schools. Deeply and deliberately mismanaged.
Texas is currently running a $33B surplus, in large part due to the surge in revenue from state taxes on crude oil and natural gas production. The legislature is debating on how to turn that into kickbacks with a veneer of tax relief pasted over the top. The cuts to education funding are entirely ideological and have nothing to do with shortfalls in revenues.