Property taxes hold steady in proposed Germantown budget
While the property tax rate will remain at $1.79 per $100 of assessed value, homeowners may have something to say Monday about a significant increase in sanitation costs facing the suburb.
There are 4 article(s) tagged city budget:
While the property tax rate will remain at $1.79 per $100 of assessed value, homeowners may have something to say Monday about a significant increase in sanitation costs facing the suburb.
Mayor Jim Strickland takes his budget proposal to the Memphis City Council in one week for the new fiscal year that starts July 1. And the unknown factor is how much sales tax revenue the city will lose in the shutdown of many businesses as nonessential during the pandemic.
The City of Memphis uses some creative methods to fund projects such as Union Row and The Fairgrounds youth sports complex, and those methods are often misunderstood, says a city deputy chief operating officer.
Breaking the city's development boom outside of Downtown and Midtown is the goal Memphis Mayor Jim Strickland outlined Monday in his election year state of the city address -- a difficult goal shared by Strickland's predecessor in the mayor's office.
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