SpaceX tax revenue helps keep Memphis ahead of budget
The city finished the last fiscal year $16.6 million ahead of budget, and rising property tax revenue — much of it likely from SpaceX’s Memphis data centers — has the council weighing how to spend the cushion. (Bill Dries/Daily Memphian file)
Memphis’ chief financial officer, Art Davis, told the council the positive numbers aren’t a trend yet, as Memphis runs ahead of budget on rising property tax revenue.
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Art Davis Memphis City Council Chase Carlisle SpaceXSamuel Hardiman
Samuel Hardiman is an enterprise reporter who focuses on government and politics. He began his career at the Tulsa World where he covered business and K-12 education. Hardiman came to Memphis in 2018 to join the Memphis Business Journal, covering government and economic development. He then served as the Commercial Appeal’s city hall reporter and later joined The Daily Memphian in 2023. His current work focuses on the intersection of government, public policy, influence and how public dollars are spent.
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