Memphis Mayor Paul Young proposes property tax increase of 75 cents
April 24, 2024
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2:13Now PlayingMemphis Mayor Paul Young proposes property tax increase of 75 cents
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as posted by the channelMemphis Mayor Paul Young proposed a 75-cent property tax increase while presenting his budget to the Memphis City Council on Tuesday afternoon.
In his presentation, the mayor said his team is pushing his budget to the limit and stretching every dollar.
The city has projected a deficit of $53 million in fiscal year 2025 if the city does not increase property taxes.
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