As Memphis and Shelby County leaders work to finalize budgets for the next fiscal year, questions about tax rates, employee pay, public transit funding, and future revenue remain at the forefront.
Those issues were the focus of a discussion on the week’s WKNO/Channel 10 “Behind the Headlines,” where Shelby County Commissioner Michael Whaley and Memphis City Council Member Janika White joined host Eric Barnes and Daily Memphian reporter Bill Dries.
In Shelby County, one of the key issues is the property tax rate after the countywide reappraisals. Officials face the decision of either adopting the state-certified recapture rate of $2.66 per $100 of assessed value or maintaining the current rate of $2.69. Keeping the current rate would result in nearly $9 million in additional revenue…