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VOL. 124 | NO. 245 | Tuesday, December 15, 2009

UPDATE: Council Weighs One-Time 31 Cent Tax Hike

Other School Funding Options Weighed At Special Wednesday Meeting

Memphis City Council members will weigh budget cuts in the middle of the current fiscal year as well as using at least $16 million of the city’s reserve funds to pay the Memphis school system $50 million.

Plough Blvd. Revamp Closer to Fruition

With $1.6 million in public funding approved by the City Council two months ago, the beautification of Plough Boulevard – the road leading into Memphis International Airport – has reached another milestone.

Candidates Gibbons, Kyle Float Opposing Higher Ed Reforms

The two Memphians in the 2010 race for Tennessee governor so far have charted very different proposals for higher education.

COBRA Subsidy Expiring for Jobless

Besides looking for a new job, many of the unemployed will soon have to start shopping for health insurance because a one-time government program that has subsidized the cost for keeping employer-provided policies is just about over.

Bidding Process Almost Over For Monitoring Bracelets

Bids are due at the end of this week from companies that can deliver a new high-tech device to the Memphis Police Department that will help officers keep an eye on criminal offenders.

Local Weather
Currently
Memphis, TN
84.0°F
Partly Cloudy
Wind: Calm mph
Humidity: 67%

EVENTS

The Memphis Bar Association will hold a continuing legal education seminar titled “What Every Attorney Needs to Know About Practicing in Probate Court” today from noon to 1 p.m. at the MBA office, 80 Monroe Ave., Suite 220.

more events »

Migliara Buys Summer Avenue Retail Center from Las Vegas Owner

6343 U.S. 70 (Summer Ave.), Memphis, TN 38134, Sale Amount: $1.2 Million -
Local real estate investor and retail owner Lawrence Migliara has bought the 14,700-square-foot strip center at 6343 U.S. 70 (Summer Ave.) near Bartlett for $1.2 million from Biz Point Property Group LLC of Las Vegas.

Memphis City Council Agenda

The Memphis City Council will meet today at 3:30 p.m. in City Hall, 125 N. Main St. The main item on the agenda is the council's scheduled approval of Memphis Mayor A C Wharton Jr.'s appointment of George Little as the city's chief administrative officer. For a complete meeting agenda, click the icon.

STATE LEGISLATURE

Tenn. Rep. Gordon Won't Seek Re-Election Next Year

WASHINGTON (AP) - Rep. Bart Gordon, a 13-term congressman from Tennessee, announced Monday he will not seek re-election next year, the latest Democrat in a string of retirements.

STATEWIDE

State Tax Collections Fall Below Estimates in Nov.

State tax collections came in slightly below budgeted estimates in November for the fourth consecutive month of the fiscal year that began on July 1. Tennessee Finance and Administration Commissioner Dave Goetz announced Monday that state revenue collections for November were $708.2 million, which is 0.52 percent below November 2008 collections.

Environmentalists Want TVA Prosecuted for Spill

CHATTANOOGA, Tenn. (AP) - Environmental groups have told President Obama in a letter that the Tennessee Valley Authority should be prosecuted for the huge coal ash spill in Tennessee and should not have immunity from federal penalties.

Mental Health Experts Offer Advice for Holidays

NASHVILLE, Tenn. (AP) - State mental health officials say this holiday season will be especially taxing on the emotional needs of Tennesseans because of the decline in the economy.

NATIONAL BUSINESS

Citigroup to Repay $20 Billion in Bailout Money

NEW YORK (AP) - Citigroup reported Monday it is repaying $20 billion in public bailout money, freeing the banking giant from the close scrutiny and pay restrictions that came with the rescue program. The government will also sell its stake in the company.

Obama to Banks: Ease Lending to Businesses

WASHINGTON (AP) - President Barack Obama challenged top bankers Monday to explore "every responsible way" to increase lending, saying they were obliged to help after being rescued by taxpayers. He asked them to "take a third and fourth look" at their small-business lending.

NATIONAL POLITICS

US Court To Review Access To Worker Messages

WASHINGTON (AP) – The U.S. Supreme Court said Monday it will decide how much privacy workers have when they send text messages from company accounts.

Bipartisan Budget Group Says Deficit Curbs Needed

WASHINGTON (AP) - A bipartisan group of former lawmakers and budget officials called on Congress and President Barack Obama Monday to commit to reining in trillion-dollar plus budget deficits to avoid dragging down the economy.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 89 322 8,071
MORTGAGES 93 381 9,580
FORECLOSURE NOTICES 0 50 1,408
BUILDING PERMITS 236 688 17,295
BANKRUPTCIES 52 207 5,613
BUSINESS LICENSES 35 143 3,091
UTILITY CONNECTIONS 28 128 3,378
MARRIAGE LICENSES 27 120 1,808

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