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VOL. 132 | NO. 88 | Wednesday, May 3, 2017

Luttrell Proposes $1.2 Billion County Budget with Stable Tax Rate

Shelby County Mayor Mark Luttrell has taken a $1.2 billion consolidated county government budget proposal to the Shelby County Commission that would maintain a stable property tax rate but shift a part of the tax rate to establish a capital projects pay-as-you go fund.

Germantown Offers SCS $25 Million for 'Three Gs' Schools

Germantown city and school system leaders made Shelby County Schools an offer Tuesday, May 2, of $25 million for Germantown Elementary, Middle and High Schools – the school known as the “three Gs” that remained part of SCS in the 2014 demerger of public education in Shelby County.

Council Opens City Hall Budget Season

With an eye on the clock in the City Council committee room and rap of a gavel, council budget committee chairman Edmund Ford Jr. opened city budget hearings Tuesday, May 2.

FedEx Awarded $2.35 Billion Defense Delivery Contract

The Department of Defense's United States Transportation Command has awarded a government-wide package delivery services contract valued at more than $2.35 billion to Memphis-based FedEx Corp.

IMPROVE Act Addresses Backlogged Shelby County Projects

Billed as a “once-in-a-generation” opportunity to increase state funding to address a backlog of roadway improvement projects in Tennessee, the recently passed IMPROVE Act is one of Gov. Bill Haslam’s signature pieces of legislation.

Local Weather
Currently
Memphis, TN
60.0°F
Overcast
Wind: Northwest at 8.1 mph
Humidity: 96%

EVENTS

Indie Memphis and Church Health will host the premiere screening of “The C Word” Wednesday, May 3, at 7 p.m. at Malco Paradiso, 584 S, Mendenhall Road. This bold documentary about how we view cancer features Church Health’s Dr. Scott Morris and Memphis cancer survivor Chris Wark. Panel discussion will follow. Tickets are $12 at events.indiememphis.com.

more events »

Last Word: Budget Books and Line Items, Top of the Road List and Silencers

The comforting thud of reams of bound printed paper hitting a wooden table top. The sound of pages turning as Power Points are read aloud. Yes, fellow citizens of the republic, it is budget season in Shelby County. The gavel fell on Memphis City Council budget hearings Tuesday at City Hall. And Wednesday morning Shelby County Mayor Mark Luttrell takes his budget proposal to the County Commission. A note about the city budget deliberations. Tuesday’s opening session saw the return of council member Janis Fullilove to City Hall after being out for a while due to an extended illness.

Tennessee Supreme Court: End Hold Policy

The Tennessee Supreme Court says Memphis Police should stop arresting people without probable cause on what is known as a “48-hour hold” in order to gather more evidence in investigations.

Wealth Manager Sees More Headwinds

The U.S. economy limped into 2017. If analyst expectations are correct, when the government on May 5 releases its first estimate of growth for January through March as measured by gross domestic product, it will amount to an annualized GDP growth of about 1 percent. That’s less than half of the fourth quarter’s 2.1 percent bump.

NFL Draft’s Favorite Flavor? SEC, Heavy on Alabama

Penn State won the Big Ten title in 2016, but the Nittany Lions didn’t score many recruiting points during the 2017 NFL Draft. They had just one player selected. And so did other traditionally stout football schools named Texas and Nebraska.

Memphis May Day March Points To Deeper, Sustained Involvement

Three months after a Downtown march protesting the first of President Donald Trump’s two immigration travel ban orders, the turnout was smaller Monday, May 1, along the same route between Clayborn Temple and the National Civil Rights Museum.

TENNESSEE LEGISLATURE

It’s Not Hogwash, State Approves Silencer Bill

Tennesseans who want to shoot feral hogs won’t have to worry about scaring the critters now that they have permission to put a silencer on their rifle.

House Leader Casada Backs Towns’ Slavery Amendment to State Constitution

NASHVILLE – Rep. Joe Towns’ legislation to remove slavery from the state Constitution is being postponed until 2018, but it picked up a key endorsement Monday from Republican House Majority Leader Glen Casada.

MEMPHIS NEWSMAKERS

Thompson Securing Funds For Ballet Memphis’ Future

Amelia Thompson has joined Ballet Memphis as development associate. In her new role, she works on the administrative side of the organization to generate and secure funding for Ballet Memphis’ daily annual operating budget as well as its capital campaigns.

LOCAL COLUMNISTS

Finding Your First Job

You’ve made it through four years of college. Now what? Getting your first job after graduation can feel like a daunting task. We have such high hopes of finding the perfect career quickly and easily – until we hit a wall. Based on a recent Wall Street Journal piece, many college graduates can relate.

Avoid Being a Labor Department Target

Recently, The Daily News ran a story regarding the U.S. Department of Labor’s current investigation of Google. Specifically, the government allegedly discovered “systemic compensation disputes” across Google’s workforce. The dispute in this case, as with most pay equity cases, is what constitutes “comparable work.”

2017 – The Year of Video

If marketers had a zodiac calendar, we might call 2017 “The Year of the Video.”

REGIONAL NEWS

Credit Rater Warns on Mississippi, Citing Economy and Taxes

JACKSON, Miss. (AP) – Another credit rating agency is warning that the financial outlook for Mississippi government finances is weakening.

Sales of 2 Mississippi Hospitals Close as Ex-Owner Cuts Debt

JACKSON, Miss. (AP) – Two small Mississippi hospitals have been sold as a large Tennessee-based company tries to pare down hospitals to reduce debt.

NATIONAL GOVERNMENT

Lawmakers to Airlines: Improve Service or Congress Steps In

WASHINGTON (AP) – Frustrated Republicans and Democrats on Tuesday warned top airline executives to improve customer services or face congressional intervention after a passenger was dragged from a United Airlines flight in an incident the company's chief executive called a "mistake of epic proportions."

House GOP Takes First Steps to Undo Financial Law

WASHINGTON (AP) – House Republicans worked to undo former President Barack Obama's law overhauling the nation's financial rules, arguing that it is undermining economic growth. Democrats countered that the GOP effort risked a repeat of the 2008 meltdown that pushed the economy to the brink of collapse.

MEDIA

Pay for News? More Than Half of Americans Say They Do

NEW YORK (AP) – A battered news industry can find some flickers of hope in a survey that gauges public willingness to pay for journalism, as long as its leaders plan judiciously.

Trump Campaign Says CNN Refuses to Run Ad Touting Success

NEW YORK (AP) – President Trump's campaign is criticizing CNN for refusing to air an advertisement touting the president's achievements during his first 100 days in office, saying the network doesn't want it because the ad "doesn't fit their narrative."

AUTO INDUSTRY

Auto Sales Tumble; 7-Year Win Streak Could Come to an End

DETROIT (AP) – The six top-selling automakers in the U.S. reported sales declines last month as demand seems to be slowing after seven straight years of growth.

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Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 31 327 17,870
MORTGAGES 49 409 20,835
FORECLOSURE NOTICES 0 0 0
BUILDING PERMITS 129 800 36,616
BANKRUPTCIES 51 243 11,925
BUSINESS LICENSES 21 117 5,677
UTILITY CONNECTIONS 41 215 12,248
MARRIAGE LICENSES 29 121 4,478

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