Good morning, Memphis, where there was big news in the local culinary community with the upcoming move of Restaurant Iris and the purchase of Leonards Pit Barbecue.
City Councilman Martavius Jones raised the potential Tuesday to increase the rate to $3 per $100 of assessed value from $2.71. For a house valued at $200,000, that would represent an additional $580 annually. The overall level of basic city services is lower than the expectation of many Memphians, Jones said in comments that mimicked Memphis Mayor Jim Strickland s former slogan. We can t be brilliant at the basics if the budget doesn t provide the basics.
Among other things, the new revenue would pay for a pay increase for city employees and MATA.
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Revised guidance on the use of federal funds in the city of Memphis budget has raised tens of millions of dollars worth of questions.
The city of Memphis and Memphis Mayor Jim Strickland s administration is trying to figure out how it can find $23 million. This comes after funds from the American Rescue Plan Act the city had planned to use were thrown into doubt by new guidance from the federal government.
The city is now unclear what it can do with $18 million of the $160 million it is receiving under the stimulus bill. That $18 million was planned for the city s general fund.