County fixes cash-flow crunch with $43 million loan
“Employees did get paid last Friday,” Shelby County Deputy Finance Director Danielle Schonbaum said. “Employees will get paid at the end of this month. Let me be clear on that.” (The Daily Memphian file)
The “interfund tax anticipation note” solves the short-term cash-flow problem for county government. But long-term financial concerns around county reserves remain.
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Shelby County Commission Danielle Schonbaum 2025 county budget Regina NewmanBill Dries on demand
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Bill Dries
Bill Dries covers city and county government and politics. He is a native Memphian and has been a reporter for almost 50 years covering a wide variety of stories from the 1977 death of Elvis Presley and the 1978 police and fire strikes to numerous political campaigns, every county mayor and every Memphis Mayor starting with Wyeth Chandler.
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