State change in discount rate to cost city $500,000 in next fiscal year
The state has lowered the percentage it expects to make on investments that finance pension funds. By state law, the city of Memphis must lower its discount rate as well in the spring budget season.
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discount rate city pension Memphis City Council Doug McGowen Shirley Ford Chase Carlisle Jeff WarrenBill Dries on demand
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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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