Is Shelby County’s cash crunch really about the Task Force?
The Shelby County Commission approved the county government giving itself a $43 million loan. (Brad Vest/The Daily Memphian file)
This week, the Shelby County Commission approved the county government giving itself a $43 million loan.
The money will come from the county’s debt service fund to its general fund and allow the county to ease its cash-flow crunch.
For those whose eyes are already glazing over — imagine having two separate bank accounts, one to pay credit card bills, which are most of your regular household expenses, and one escrow account to pay the mortgage.
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Samuel Hardiman
Samuel Hardiman is an enterprise and investigative reporter who focuses on local government and politics. He began his journalism career at the Tulsa World in Tulsa, Oklahoma, where he covered business and, later, 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 Memphis Commercial Appeal’s city hall reporter and later joined The Daily Memphian in 2023. His current work focuses on Elon Musk’s xAI, regional energy needs and how Memphis and Shelby County government spend taxpayer dollars.
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