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VOL. 128 | NO. 97 | Friday, May 17, 2013

Luttrell Proposes Tax Hike for Schools

Shelby County Mayor Mark Luttrell is proposing a $4.38 county property tax rate including a 6-cent tax hike above the higher certified tax rate for the new fiscal year that begins July 1.

Past Due

Study details library usage, sparks call for more funding

In the last five years, the 600 computers in the Memphis Public Library & Information Center were used 1.2 million times.

School Board Sends Merger Budget to County Commission

Countywide school board members approved Thursday, May 16, a $1.18 billion budget for the consolidated school system in its first fiscal year, which begins July 1.

Club 152 on Beale Closed as Nuisance

Club 152 in the Beale Street entertainment district was closed Thursday, May 16, as a public nuisance.

ZeroTo510 Accelerator Launches New Season

Dr. Steve Bares, president and executive director of the Memphis Bioworks Foundation, is clear-eyed and unequivocal about what success looks like for the startup accelerator program his foundation operates and which launched its new season this week.

Airport Passes $127.3 Million 2014 Budget

The Memphis-Shelby County Airport Authority on Thursday approved a $127.3 million budget that slightly lowers the overall amount airlines pay at Memphis International Airport even after Delta Air Lines drastically reduced the number of flights it operates.

MEMPHIS STANDOUT

Word Finds Passion With Vaco, Women’s Alliance

In her six years as a CPA, Ginna Word has seen the industry from both sides of a spreadsheet, as an auditor for Deloitte & Touche, and as a corporate, in-house accountant for The ServiceMaster Co.

SPORTS

Grizz Claw Into Conference Finals

His team had just overcome a 17-point first-half deficit and beaten Oklahoma City in overtime to win Game 4 and take a commanding 3-1 lead in their best-of-seven Western Conference semifinal series. So someone asked Grizzlies coach Lionel Hollins if he was impressed.

Grizz Win With Tony Being Tony

Had things turned out differently, we would know too well Rule 12, Section V, item a, from the NBA rulebook:

LOCAL COLUMNISTS

Two Bo’s, One Town

THANK YOU, Z’BO AND C’BO. AND THANK YOU, MICHAEL. Last week, my son reminded me to write a column about the Grizzlies. So I did. This week, a good friend commenting on that column reminded me of why I write them in the first place, and then wrote one for me.

Changing the Fiber of Your Nonprofit

A capital campaign – or any other quantum leap in your fundraising – will pull at every fiber of your nonprofit. These are not “business as usual” activities. If you want to grow from one level of donated revenue to another you have to do things differently. It’s no different than a business seeking to enter a new market or release a new product. New, more and different thinking, actions and people are required for new, more and different results.

STATEWIDE

Tennessee Receives Portion of Drug Quality Claim

NASHVILLE (AP) – Tennessee will receive a portion of a $500 million settlement with generic drug manufacturer Ranbaxy.

NATIONAL GOVERNMENT

Obama: No Special Prosecutor to Investigate IRS

WASHINGTON (AP) – President Barack Obama dismissed the idea of a special prosecutor to investigate the Internal Revenue Service Thursday, saying probes by Congress and the Justice Department should be able to figure out who was responsible for improperly targeting tea party groups when they applied for tax-exempt status.

Senate Confirms Physicist Moniz as Energy Chief

WASHINGTON (AP) – Physicist Ernest Moniz won unanimous Senate confirmation Thursday to be the nation's new energy secretary.

Senate Panel Considers Labor Board Nominees

WASHINGTON (AP) – Senate Republicans said Thursday they would not support five nominees to the National Labor Relations Board, raising the possibility the troubled agency could be rendered mostly inoperable later this year.

Another Round for the House on 'Obamacare'

WASHINGTON (AP) – There they go again: The House is moving toward a vote on yet another Republican bill to repeal President Barack Obama's health care law.

REAL ESTATE

US Housing Starts Fell in April but Permits Surged

WASHINGTON (AP) – U.S. builders broke ground on fewer homes in April, one month after topping the 1 million mark for the first time since 2008. But most of the decline was in apartment construction, which tends to vary sharply from month to month.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 57 307 5,073
MORTGAGES 101 483 6,709
FORECLOSURE NOTICES 22 77 1,556
BUILDING PERMITS 0 720 11,979
BANKRUPTCIES 84 341 5,300
BUSINESS LICENSES 36 125 2,061
UTILITY CONNECTIONS 152 594 7,058
MARRIAGE LICENSES 36 117 1,458

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