Update

The city budget’s new red ink and where it’s coming from

By , Daily Memphian Updated: May 25, 2021 6:10 PM CT | Published: May 25, 2021 4:27 PM CT

City Chief Financial Officer Shirley Ford told council members the budget for the new fiscal year that begins July 1 is in the red by approximately $23 million. The culprit is new ground rules for the use of federal funds to make up for revenues lost in the pandemic and how the lost revenues are counted. 

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Topics

Memphis City Council 2021 budget season American Rescue Plan Act Worth Morgan
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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