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Mayor presents proposed FY20 budgets
Mayor aims to accelerate momentum with proposed FY20 budgets
Posted on 04/16/2019
Mayor Jim Strickland today presented the City of Memphis’ proposed 2019-20 Operating and Capital Improvements budgets to the Memphis City Council. The nearly $709 million operating budget is balanced with no tax increase. This budget reflects the mayor’s vision of building our neighborhoods and is an investment in our most important asset—our citizens.

“One of my core jobs as mayor is to be a good steward of your tax dollars,” Mayor Jim Strickland said. “We’ve presented a budget that meets the needs of our citizens in a responsible and meaningful way like we’ve done each year since 2016 by focusing on core city services — public safety, paving roads, and picking up your trash. In addition to those core services, we have presented some very innovative ideas to ensure that the momentum we are feeling spreads to every corner of our city.”

A summary of the highlights from this year’s budget:

• No tax increase with a balanced budget 
• 3% pay increase for commissioned public safety employees and 1% pay increase for all other employees
• Our fourth paving increase 
• Fully funding pension for first time since 2006 — helping to add security for employee retirement
• More funding for summer jobs, and a plan to lift up opportunity youth
• Launching the Memphis Community Catalyst Fund — a dedicated, renewing source of money to make infrastructure improvements in key areas of neighborhoods
• Launching the Affordable Housing Trust Fund — by providing grants and loans, the Affordable Housing Trust Fund will be used for new construction and rehab of multifamily homes, as well as minor home repair and rehabilitation of single family homes for those who qualify. It’s a great complement to our Health, Education, and Housing board that has rehabbed or built roughly 5,100 affordable housing units since 2016 
• Doubling re-entry work through expansion of Manhood University and creation of WOWS (Women Offering Women Support)
• New library in Frayser 
• New fire station in Whitehaven
• More funding to MATA, up $5 million since taking office

To see Mayor Strickland’s full budget speech, click here: Budget FY20 .pdf

Click the following links for the Proposed Operating Budget and Capital Budget.

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