Memphis City Council Approves FY 2025 Budget, $0.49 Property Tax Increase

After last-minute backroom bargaining with City of Memphis Mayor Paul Young and administration officials, city council members approved a FY2025 budget that includes a 49-cent property tax. The private discussion postponed the Tuesday, June 25 meeting by an hour. Council members approved the tax hike, along with the operating and capital budgets on an 8-5 […]