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VOL. 123 | NO. 108 | Tuesday, June 3, 2008

Council Faces School Funding Dilemma

Complex legal scenarios and some risky political calculations will be major factors today in swaying the Memphis City Council’s decision on whether to yank $93 million in funding to Memphis City Schools.

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.

Infill Development Brings Large Lots To Germantown

Doug Dickens of Boyle Investment Co. has developed real estate in the Memphis area since 1975, but of all the land he’s scouted in the past three decades, none of it compares to the old Taylor property in Germantown.

Homebuilding Slump Hobbles Spending

WASHINGTON (AP) – Construction spending fell again in April as home building continued a more than two-year-long slide. The weakness was offset somewhat by an increase in non-residential spending activity, which climbed to a record level.

Local Weather
Currently
Memphis, TN
36.0°F
Partly Cloudy
Wind: South at 9.2 mph
Humidity: 76%

EVENTS

The Memphis Rotary Club will meet today at noon at the Memphis Cook Convention Center, 255 N. Main St. The speaker is U.S. Marine Corps Maj. Timothy Dremann, who will speak on Iraq. The cost is $18, including a lunch buffet. R.S.V.P. by contacting Taylor Hughes at 526-1318 or taylor@memphisrotary.org.

more events »

Manufacturing Remains Sluggish In May

NEW YORK (AP) – Manufacturing activity contracted in May, hobbled by rising costs and weak consumer demand, a private trade group said Monday.

Shelby County Schools To Build New Middle School

5600 Meadowbriar Trail, Permit Amount: $10 million, Project Cost:$13.5 million -
Shelby County Schools has filed application for permit to build a new middle school in unincorporated Southeast Shelby County.

Medtronic Expects Growth From International Sales

NEW YORK (AP) - Medical device maker Medtronic Inc. expects booming international markets, including Russia and China, to help drive up to 14 percent earnings growth and 11 percent sales growth annually to 2013.

FedEx to Drop Kinko's Name, Take $891M Charge

MEMPHIS (AP) - FedEx plans to stop using the Kinko's name on its copy and office service stores and book an $891 million charge for the quarter that ended Saturday.

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Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 86 393 21,159
MORTGAGES 94 424 24,785
FORECLOSURE NOTICES 0 93 8,703
BUILDING PERMITS 173 1,010 43,347
BANKRUPTCIES 52 292 14,194
BUSINESS LICENSES 15 90 6,491
UTILITY CONNECTIONS 28 167 13,678
MARRIAGE LICENSES 12 89 5,158

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