Germantown sales tax revenue strong, but budget challenges remain
The city’s sales tax revenue is strong despite concerns of a possible recession when the budget was developed last year.
There are 44 article(s) tagged Budget:
The city’s sales tax revenue is strong despite concerns of a possible recession when the budget was developed last year.
Germantown’s budget proposes $25 million in improvements, but it comes with challenges related to supply chain.
Valesa Wells will follow Mark Krock, who retires from Collierville March 1, becoming the first Black department head in the town’s administration.
Shelby County Schools approved a proposed budget of $2.2 billion to be presented to the County Commission on Wednesday, June 16.
Bartlett’s FY 2022 $180.9 million budget proposal includes a 4% salary increase for all full-time employees.
Mayor Keith McDonald’s administration believes the tax increase is necessary to maintain the city’s current services, pay current (and future) employees a more competitive wage and address its debt service.
Votes on the budget and tax hike passed unanimously in separate votes on first reading at Bartlett City Hall Tuesday night. Two more readings are required on both before they become enacted for the coming fiscal year.
Collierville Schools approved its $99 million budget Tuesday. The suburb’s mayor and aldermen will review it as part of the town’s overall budget.
The Lakeland Board of Commissioners has delayed consideration of an amendment on the Lakeland Commons, but the developer wants the city to take action soon.
Shelby County Commissioner Tami Sawyer talks about the County Commission’s budget struggle, almost two years in office with a Democratic majority and the politics of face masks.
City council budget committee chairman Martavius Jones talks about the city budget season and the effect of the pandemic on city finances.
Facing the biggest state and national emergency in decades, the Tennessee Legislature adopted a $39.8 billion budget Thursday night, March 19, and vacated the State Capitol as COVID-19 continued to spread.
Germantown aldermen have approved a $182.9 million budget for the coming fiscal year. The final version was approved with several amendments.
Germantown wants to buy the 180-acre Germantown Country Club. However, more than two weeks after bids closed, the city is unsure of its status as a potential buyer.
The Shelby County Commission's budget and finance committee approved Wednesday a $1.3 billion budget and retained the county's $4.05 tax rate.
Commissioners Mickell Lowery and Tami Sawyer proposed the resolution because they believe criminalizing low-level marijuana offenses has significantly contributed the county’s jail population of more than 2,300.
The County Commission has about three weeks to amend the budget if it wants to approve it in time for the next fiscal year, which begins July 1.
The County Commission's budget committee discussed potential next steps in the budget process when it reconvened Wednesday morning.
The City Council stuck with a compromise 4% pay raise for police and firefighters and kept the city property tax rate at $3.19, but also extended a controversial cover charge for Beale Street on summer weekends.
Two council members expressed concerns last week about the Strickland administration's "brilliant at the basics" philosophy, but that probably won't affect votes on a 4% raise for police and firefighters.
The community budget meeting is scheduled for Tuesday from 6 to 8 p.m. at Graceland Soundstage, 3717 Elvis Presley Blvd.
A proposed 4% public safety raise goes to the full City Council Tuesday for a final vote as part of an amended budget with no property tax hike for the fiscal year that begins July 1. There could be more budget changes at the council session.
Shelby County Schools is asking for an additional $35 million in capital funding, and $7.5 million in additional operating costs to include support for a reading program and more English as a second language teachers.
The Shelby County Election Commission lowered its $5 million capital funds request to $2.5 million in the hopes of securing funding for new voting machines by the 2020 presidential election.
The decision by the council to side with unions over the administration in impasse proceedings is hardly unprecedented. But finding the money in the budget sometimes takes the council and mayor around the impasse procedure.
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