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. 

Topics

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

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Bill Dries

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.


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