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VOL. 132 | NO. 103 | Wednesday, May 24, 2017

Council Sets Stage for Raise, Keeps Railgarten and Cuts Beale Cover

Memphis City Council members approved Tuesday, May 23, a 1 percent across the board pay raise for all city employees setting the stage for a final vote on budget matters at the June 6 council session.

City & State Plans Location in Memphis Medical District

A new City & State location is coming to the Medical District next year, with the planned opening roughly coinciding with the three-year anniversary of the combination coffee and retail venture that first opened in the Broad Avenue Arts District in early 2015.

AutoZone Downgraded After Disappointing Q3

Analysts downgraded shares of auto parts retail giant AutoZone on Tuesday, May 23, after the company reported a second straight quarter of weaker earnings and sales for its fiscal third quarter.

Small Fitness Centers Fight Tax Exemption for Larger Competitors

Jeff Rose and his wife Nancy sank their entire life savings, more than $500,000, into opening the Orangetheory Fitness center in Lakeland in 2015.

Last Word: Sticker Shock Questions, Council Day Recap and Mueller's Move

  2:02am

It’s not the final vote on the county property tax rate. But Monday’s acceptance by the Shelby County Commission of the state-certified property tax rate is an important insight into how the state and local governments get together on setting a tax rate that takes into account changes in overall property values from the countywide property reappraisal to set a tax rate that produces the same amount of revenue as the current rate.

Local Weather
Currently
Memphis, TN
58.0°F
Light Rain
Wind: North at 5.8 mph
Humidity: 93%

EVENTS

Talk Shoppe will meet Wednesday, May 24 from 9 a.m. to 10 a.m. in NovaCopy’s conference room, 7251 Appling Farms Parkway. Church Health representatives will discuss health care help for uninsured working Memphians. Cost is free. Visit talkshoppe.com.

more events »

Mueller Approved for 10-Year Tax Abatement to Relocate to Collierville

The Collierville Board of Mayor and Aldermen approved Mueller Industries’ request for a 10-year tax abatement, paving the way for the company to begin the process of relocating its corporate headquarters to Collierville.

Shelby County’s Certified Property Tax Rate Set at $4.13

Shelby County Commissioners set the certified county property tax rate at $4.13 Monday, May 22, a 24-cent drop from the current tax rate of $4.37.

UTHSC's Center for Bleeding Disorders Growing

The University of Tennessee Health Science Center stepped up a little more than a year ago to provide a special clinic for bleeding disorders, but has now turned that into a comprehensive center that provides life-changing treatment for those in the Mid-South afflicted with these disorders.

MEMPHIS NEWSMAKERS

Vaco Risk Solutions' Brian Prentice Talks Data Breaches, Safety

Vaco Memphis has added Brian Prentice as managing partner of Vaco Risk Solutions, a national consulting firm that works with organizations that have IT security, risk or compliance needs; have had a recent breach; are moving data centers; require a penetration test; or have any other project-based risk management needs.

SPORTS NOTEBOOK

Nashville Predators Crash Stanley Cup Finals

Just based on the fact that the Nashville Predators were the last team to sneak into the NHL playoffs this season, they have no (logical) right to be in the Stanley Cup Finals now. But they are. They clinched their spot with a 6-3 victory over the Anaheim Ducks in Game 6 of the Western Conference Finals Monday, May 22, in Nashville.

LOCAL COLUMNISTS

Please, Let Your Child Grow Up

Today’s young people are more thoughtful and kinder than many of the older job seekers they’re competing against. They care about making a difference more than their own personal finances or another self-serving endeavor.

No Deal Beats a Bad Deal

Editor Note: This is part two in a two-part series. Suppose you have 10 ounces of red dye and your associate has 10 ounces of yellow dye. The assignment is for each of you to create 10 ounces of the perfect shade of orange. The fair solution: exchange five ounces of each color.

REGIONAL NEWS

Black Caucus: White Rep Should Resign Over Lynch Comment

JACKSON, Miss. (AP) — Black lawmakers in Mississippi are demanding the resignation of a white colleague who said Louisiana leaders should be lynched for removing Confederate monuments.

Mississippi Accused of Unequal Schooling for Black Students

JACKSON, Miss. (AP) — Mississippi is denying good schools to African American students in violation of the federal law that enabled the state to rejoin the union after the Civil War, a legal group alleged Tuesday.

Former Lawyer Pleads Guilty to Stealing $800K From Estates

BRISTOL, Tenn. (AP) — A disbarred Tennessee lawyer who stole nearly $800,000 from clients has been sentenced to 15 years in prison.

NATIONAL BUSINESS

Wal-Mart Expands Military Leave-of-Absence Policy

LITTLE ROCK, Ark. (AP) — Wal-Mart Stores Inc. announced Tuesday that it's expanding its military leave-of-absence policy by offering differential pay to all eligible employees who are on military assignments lasting more than three days.

US Says Fiat Chrysler Used Software to Beat Emissions Tests

DETROIT (AP) — The U.S. government is suing Fiat Chrysler, alleging that some of its diesel pickup trucks and Jeep SUVs cheat on emissions tests.

NATIONAL GOVERNMENT

Poor and Disabled Big Losers in Trump Budget; Military Wins

WASHINGTON (AP) — The poor and the disabled are big losers in President Donald Trump's $4.1 trillion budget proposal while the Pentagon is a big winner.

Advocates Slam Trump Plan to Reduce Aid for College Students

WASHINGTON (AP) — Education advocates say President Donald Trump's budget contradicts his campaign pledge to make college more affordable with its proposed elimination of subsidized student loans and cuts in other programs that help students pay tuition.

Russia-Trump Campaign Contacts a Concern, Ex-CIA Chief Says

WASHINGTON (AP) — Former CIA Director John Brennan told Congress Tuesday he personally warned Russia last summer against interfering in the U.S. presidential election and was so concerned about Russian contacts with people involved in the Trump campaign that he convened top counterintelligence officials to focus on it.

INTERNATIONAL NEWS

Officials: Manchester Bomber Was Local Man of Libyan Descent

MANCHESTER, England (AP) — The man who police say blew himself up in a packed concert arena in Manchester, killing 22 people, did not make a strong impression on his neighbors.

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Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 0 137 8,132
MORTGAGES 0 143 9,556
FORECLOSURE NOTICES 0 0 0
BUILDING PERMITS 0 319 17,453
BANKRUPTCIES 0 106 5,866
BUSINESS LICENSES 0 48 3,043
UTILITY CONNECTIONS 0 108 6,364
MARRIAGE LICENSES 0 76 2,033

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