Strickland ‘measured approach’ budget adjustment dips heavily into city reserves, no layoffs or tax increases

By Updated: May 05, 2020 10:42 PM CT | Published: May 05, 2020 5:12 PM CT

Strickland says the city's $113.6 million federal CARES Act grant cannot be used to make up for revenue losses to the city as things stand now, causing a $40 million dip into the city's $78 million reserve fund without raising taxes, laying off employees or raising salaries for city employees.

Topics

2020 budget season Jim Strickland CAREs Act
Bill Dries

Bill Dries

Bill Dries covers city government and politics. He is a native Memphian and has been a reporter for more than 40 years.


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