Strickland to close $26 million revenue hole in current budget from familiar sources

By , Daily Memphian Updated: May 18, 2020 4:46 PM CT | Published: May 18, 2020 4:46 PM CT

The $26 million in red ink is mostly from drops in sales tax revenue because of the closing of "nonessential" businesses in the pandemic. The plan for the current fiscal year, including more use of the city's reserves, was presented to city council members Monday with a vote possible at Tuesday's council session.

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Topics

Jim Strickland 2020 budget season Memphis City Council
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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