Final fall, Memphis voters authorised elevating the gross sales tax within the metropolis by half a cent.
MEMPHIS, Tenn. Metropolis Corridor took them away. Voters gave them again.
Final fall, Memphis voters authorised elevating the gross sales tax within the metropolis by half a cent. The cash raised would pay to revive pensions and advantages to firefighters and cops.
Thomas Malone of the Firefighters Affiliation stated, In response to the state comptroller and the state treasurer, its acquired for use for what the residents dictate it’s used for.
The rise began final July. The supporters count on it to usher in about $54-million a 12 months.
Memphis householders is not going to need to pay elevated property taxes.
The funds is prefer it was, Malone says. It doesn’t have any impact on property taxes.
This has been a six-year battle between town council and the associations. Town council voted in opposition to the identical plan voters authorised final November.
In response to Malone, Weve acquired out of towners who will likely be paying this cash daily. They use our providers. They use our streets, our police division, our fireplace division. They usuallyre going to be paying for that use via the gross sales tax.
Metropolis council members are planning to have a non-public assembly with their lawyer Tuesday afternoon, the place it’s anticipated they are going to get the most recent on a authorized struggle regarding the pensions.
— to www.localmemphis.com
please Subscribe for further updates
click hear for more Finance Updates