Archive for the ‘Taxation’ Category

                  Around 35 years ago, I was involved in creating the first matrix for the Memphis and Shelby County Industrial Development Board – the forerunner to the Economic Development Growth Engine (EDGE) – in an effort to bring more rationality and discipline to the awarding of Payment-In-Lieu-Of-Taxes […]

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                  This post is written by Jimmie Covington, veteran Memphis reporter with lengthy experience covering governmental, school, and demographic issues.  He is a contributing writer with The Best Times, a monthly news magazine for active people 50 years and older, where this appeared in the August issue. […]

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                  Graceland officials say that their new proposed 6,000-seat arena will not pull events and concerts away from FedExForum, but that only hints at the biggest question of all: does the new arena threaten Memphis and Shelby County’s non-compete agreement with the Grizzlies-operated arena? It is in […]

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                    It is not possible to think of a place in Memphis that more deserves a Tax Increment Financing (TIF) district than Binghamton. In fact, it’s been 11 years in the making.  That’s how long ago it was that a charrette – the Broad Avenue Planning […]

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                    It is an article of faith by many that handing out tax freezes conclusively sends a message that Memphis is a pro-business community. We think it does just the opposite. It says to the rest of the country that Memphis is not worth investing in […]

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                  By Jimmie Covington Shelby County’s assessed value of property for tax purposes this year – which includes reappraisal figures – is up almost $2.1 billion from last year, certified tax roll figures released April 20 by the County Assessor’s Office show. Countywide, the increase is 12.4 […]

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                      Build it and they will come. That seemed to be the prevailing attitude at the EDGE meeting where apartment developers were added to the list of beneficiaries for city and county tax waivers. As happens at so many similar meetings in our community, millennials […]

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by (RSS) Education, Taxation | May 10th, 2017 12:01am CDT | 9 Comments

              We don’t want to say we told you so, but… Germantown city officials yesterday admitted that they will be asking for a 23 cent property tax with the bulk of it required to fund schools.  Meanwhile, Bartlett is proposing a 35 cent increase with 14 cents needed to […]

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                  City of Memphis Government Expenditures – Operating Budget 2018 – $668,680,951 (proposed) 2017 – $674,457,724 (forecast) 2016 – $639,340,543 2015 – $616,556, 191 2014 – $616,419,108 2013 – $641,421,832 2012 – $643,640,097 2011 – $656,784,561 2010 – $627,895,199   Shelby County Government Expenditures 2018 – $1,249,509,805 […]

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                It is curious how exorcised we can get when Mississippi picks off a Memphis business for its economic benefit but how mute we remain when a Shelby County town like Collierville or Germantown does it. The difference between the companies being picked off is stark: the companies […]

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                When The Commercial Appeal can write an article riddled with mistakes about the Tourism Development Zone like it did last week, it seems a good time to separate fact from fiction. Formally called Convention and Tourism Development Financing Act of 1998 (Tennessee Code Annotated 7-88-101), the concept […]

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                EDGE pioneered in the transparency of corporate business incentives, and although it slipped very slightly in the latest ranking, it needs to give some pointers to the Downtown Memphis Commission. That’s the conclusion to be drawn from the latest report from Good Jobs First about economic development […]

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                  This post is written by Jimmie Covington, veteran Memphis reporter with lengthy experience covering governmental, school, and demographic issues. He is a contributing writer with The Best Times, a monthly news magazine for active people 50 and older, where this initially appeared.   By Jimmie Covington Shelby County’s […]

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            Memphis Mayor Jim Strickland is part of a growing coalition of mayors calling for more State of Tennessee funding support for public transportation. It is a promising sign that modern public transit may finally get the attention it deserves on Capitol Hill, albeit it is never easy to predict […]

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              We wrote 153 blog posts in 2016, and we always look back to see which subjects you had the most interest in.  Clearly, last year, that was parks, particularly the campaign to protect the greensward at Overton Park. The following are the 15 most-read blog posts of the […]

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by (RSS) Taxation, Trends and Issues | December 1st, 2016 12:05am CDT | 1 Comment

                It’s said that a picture is worth a thousand words.  The one created by Google is worth $2 billion, which is the amount of debt that Shelby County Government issued to fuel sprawl outside Memphis.  That number does not include the increase in annual operating and maintenance […]

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                      Here’s hoping Shelby County Mayor Mark Luttrell will insist on smart tax policy by turning down Germantown’s request for a county PILOT for a corporation moving about 2,100 feet eastward on Poplar Avenue from the eastern edge of Memphis to the suburban city. A […]

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              The following is a proposal we received from a concerned Memphian: Payment in lieu of taxes (PILOT) is a program which reduces or eliminates property taxes for a period of time as an incentive for investment in a new development or expansion of an existing business within the […]

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