Why is Memphis $16.6 million ahead?
The city finished the last fiscal year $16.6 million ahead of budget, and rising property tax revenue — much of it likely from SpaceX’s Memphis data centers — has the council weighing how to spend the cushion. (Bill Dries/Daily Memphian file)
The city’s expenses are up, but revenues — mostly local property taxes — are up, too.
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Art Davis Memphis City Council Chase Carlisle SpaceX SpaceXAISamuel Hardiman
Samuel Hardiman is an enterprise reporter who focuses on government and politics. He began his career at the Tulsa World where he covered business and K-12 education. Hardiman came to Memphis in 2018 to join the Memphis Business Journal, covering government and economic development. He then served as the Commercial Appeal’s city hall reporter and later joined The Daily Memphian in 2023. His current work focuses on the intersection of government, public policy, influence and how public dollars are spent.
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