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

By , Daily Memphian 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.

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Topics

2020 budget season Jim Strickland CAREs Act

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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