Germantown leaders approve $242.5 million budget
The nearly $242.5 million financial plan was adopted with a sanitation fee increase but a flat property tax rate.
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The nearly $242.5 million financial plan was adopted with a sanitation fee increase but a flat property tax rate.
A new state law is using population estimates instead of census data. It benefits growing communities, but those that see a decrease in population have concerns.
A new state budget was just introduced, with funds for Memphis, raises for teachers and a reminder that Tennessee has a funding shortfall for infrastructure needs. Gov. Bill Lee wants $155 million to fund 20,000 new vouchersRelated content:
This year’s funding request for building upgrades promises to be the final ask Memphis-Shelby County Schools leaders make before establishing a long-term plan for closing and consolidating schools.
Germantown’s Financial Advisory Commission endorsed exceeding the certified rate. But that number isn’t official just yet.
Collierville leaders met last week to discuss $3.8 million in capital projects despite Town Administrator Molly Mehner directing department heads to avoid new requests.
Leaders of the Memphis suburb intend to avoid a property tax increase for the coming fiscal year that begins in July.
Had Memphis received more money under the American Rescue Plan Act, Memphis Mayor Paul Young might not be facing a shortfall in his first budget, something the mayor acknowledged in an interview Friday.
The Memphis City Council approved $10 million from the city’s rainy day fund to fill the gap, most of which — about $9.7 million — is in the Memphis Fire Department’s budget.
“Basically, every teacher would move up the equivalent of four steps in one year,” Lakeland School System Superintendent Ted Horrell said at a budget work session for the coming fiscal year.
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.