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VOL. 123 | NO. 107 | Monday, June 2, 2008

Total Cuts to City Schools Funding Possible

For years, Memphis Mayor Willie Herenton has talked of obliterating the structure of the school system he headed for 12 years. But in every case those plans have proved to be too complex and dependent on too many political entities coming together in an unlikely alliance.

Partnership Expands Services For BankTennessee Customers

In Memphis’ competitive financial services landscape – where a new bank seems to sprout up on a different corner each week – it can be crucial to offer a full array of services to retain customers.

County Commission Approves Operating Budget, Stable Tax Rate

Shelby County Commissioners finished one budget task Monday evening with the approval of a $1 billion operating budget proposal for the fiscal year that begins July 1. The budget passed does not require a county property tax hike.

County Charter Changes On Way To August Ballot

A set of proposed amendments to the Shelby County government charter won final approval Monday by the Board of Shelby County Commissioners.

City Renews Contract With Back-Tax Collection Firm

The city of Memphis has renewed its contract with a Texas law firm that collects delinquent taxes for the city. And members of the Memphis City Council, who apparently were not informed that the contract would be renewed last month or even that negotiations were under way, are not happy.

Local Weather
Currently
Memphis, TN
81.0°F
Partly Cloudy
Wind: Variable at 4.6 mph
Humidity: 90%

EVENTS

The Engineers’ Club of Memphis Inc. will hold its weekly lunch meeting today at noon at the Holiday Inn-University of Memphis, 3700 Central Ave. Matt Thompson, curator of mammals for the Memphis Zoo, will speak on “Becoming a World-Class Zoo.” The cost is $12 and no reservations are required.

more events »

Catherine’s Sells Memphis Building

First, Catherine’s Plus Sizes relocated or released its Memphis personnel. Now, it is shedding its Memphis portfolio, as the company has sold one of its two Memphis properties, inching closer toward a complete departure from the area.

Sign Shop Owner Highlights Message for Other Businesses

Sign shop owner Cheryl King has been watching the migration of businesses into the Whitehaven area with a keen eye toward growing her own client base.

Incomes, Spending Both Slow In April

WASHINGTON (AP) – Consumer spending barely budged in April and growth in personal income slowed sharply, even though the government started sending out billions of dollars in economic stimulus payments.

Soaring Cost of Living Saps Consumers’ Early Refunds

CHICAGO (AP) – Many Americans allowed themselves to fantasize about large-screen TVs, European vacations and other luxuries when they learned of the federal rebates they’d be getting this spring and early summer.

Debt or Alive

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Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 96 173 11,698
MORTGAGES 95 174 13,601
FORECLOSURE NOTICES 0 0 1,858
BUILDING PERMITS 291 387 24,551
BANKRUPTCIES 65 118 7,591
BUSINESS LICENSES 29 60 3,972
UTILITY CONNECTIONS 0 49 4,730
MARRIAGE LICENSES 18 38 2,582

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The Memphis News: Business, politics, and the public interest.