Strickland ‘measured approach’ budget adjustment dips heavily into city reserves, no layoffs or tax increases
Memphis Mayor Jim Strickland (Jim Weber/Daily Memphian file)
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 ActBill Dries on demand
Never miss an article. Sign up to receive Bill Dries' stories as they’re published.
Enter your e-mail address
Bill Dries
Bill Dries covers city and county government and politics. He is a native Memphian and has been a reporter for almost 50 years covering a wide variety of stories from the 1977 death of Elvis Presley and the 1978 police and fire strikes to numerous political campaigns, every county mayor and every Memphis Mayor starting with Wyeth Chandler.
Want to comment on our stories or respond to others? Join the conversation by subscribing now. Only paid subscribers can add their thoughts or upvote/downvote comments. Our commenting policy can be viewed here.