When the Memphis City Council comes back its first meeting on the 12th, it will be looking to make at least $10 million in mid-year budget cuts in order to fund a payment to the Memphis City Schools.
Memphis mayor A C Wharton will be bringing proposed cuts to the council, including consolidating services within city government and with county government, but he could not say how many jobs he thought might be effected or cut.
The council hasn’t voted on terms of the payment, but a proposal on the table includes taking $30 million from the city’s reserve fund, cutting $10 million, and giving the school system $10 million in debt forgiveness (for money the city says it’s owed by the schools).
It’s been said that this is a rainy day for local government, but it’s not a storm that couldn’t have been predicted.
