Memphis budget woes spark worry from bond rating agency
The outlook change signals that Fitch Ratings has concerns and could downgrade the City of Memphis’ bond rating.
There are 3 article(s) tagged Memphis city budget:
The outlook change signals that Fitch Ratings has concerns and could downgrade the City of Memphis’ bond rating.
The $792 million proposal is $42 million larger than the current city budget. Memphis Mayor Jim Strickland is not proposing a property tax increase but said the increase is funded by sales tax revenue, economic growth and the performance of the city’s investments.
The path of the two budget seasons and the use of federal funds to close financial gaps — plus other topics — are the focus of a reporters roundtable on “Behind The Headlines.”
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