Memphis city officials are debating how to close a $60 million deficit in the next fiscal year, with the two options of service cuts and a tax increase on the table. But as the Commercial Appeal reports, politicians interested in self-preservation in an election year are loathe to do either.
A 58-cent property tax hike today would raise $63 million.
The 12-member council appears divided over Wharton’s proposed $676 million budget. Several council members have opposed workforce and holiday reductions but also oppose a tax increase.
Mayor A C Wharton’s administration has also said the city should go after property owners who owe the city back taxes.