NewsTracker Tax and Budget

Memphis Budget Balancing Act

If you owe property taxes to the city of Memphis, the city’s coming for you.

The city may sell your land as a quick-fix to balance its budget this year, the Commercial Appeal reports today. That proposal and others, like reducing paid holidays for employees, are under consideration as the city works to reduce a projected deficit of as much as $70 million. As many as 200 city workers may be laid off, the city’s finance whizzes said.

Not likely to face the budget ax are two new six-figure city employees heading the Division of Community Enhancement, charged with reducing blight. The interim director and interim deputy director together make almost $225,000, the newspaper reports.

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