Archive for the ‘Taxation’ Category

                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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by (RSS) Shelby County government, Taxation | August 3rd, 2016 12:35am CDT | 3 Comments

                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 article was published this month.   By Jimmie Covington […]

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by (RSS) City of Memphis Government, Taxation | June 20th, 2016 12:14am CDT | 1 Comment

                Relationships run a lot smoother when money worries are lessened. That’s one of the takeaways from the most uneventful City of Memphis budget hearings in more than 10 years. More than anything, the budget hearing were a victory for Mayor Jim Strickland and a significant example of […]

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This post is written by Jimmie Covington, veteran Memphis reporter with lengthy experience covering governmental, educational, and demographic issues. He is now a contributing writer with The Best Times, a monthly news magazine for active people 50 and older.  By Jimmie Covington The assessed value of property for tax purposes is up this year for all areas […]

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                  Amount of Shelby County Taxes Waived The following are the yearly amounts of Shelby County taxes waived by EDGE (and before EDGE, the Memphis and Shelby County Industrial Board, Downtown Memphis Commission, the Memphis Health and Educational Facilities Board, the Shelby County Health Educational Facilities Board […]

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by (RSS) Taxation | April 20th, 2016 12:49am CDT | 17 Comments

              Awhile back, the lede in the New York Times said: “When it comes to taxes closes to home, the less you earn, the harder you’re hit.” These were the results of an Institute on Taxation and Economic Policy (ITEP) analysis of every state’s tax burden, and Tennessee came […]

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by (RSS) City of Memphis Government, Taxation | April 6th, 2016 12:44am CDT | 2 Comments

              Ten days ago, in the wake of the Tennessee Legislature’s decision to send the deannexation bill back for more study, we blogged that City of Memphis should begin a process to consider what the optimal size of the city should be. A few days later, Memphis City Council […]

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              Sometimes, the best revenge is to give people what they’re asking for. It’s tempting to do that with the deannexation advocates who so passionately want to get out of Memphis.  That’s because if they are successful, their lives get much, much more complicated, and they can thank the […]

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                A lot of Bible verses get quoted in the Tennessee Legislature to justify political positions and legislative actions. When it comes to deannexation, the verse that comes to our mind is: “Father, forgive them for they know not what they do.” It’s a verse from the Christian […]

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                Memphis Mayor Jim Strickland must feel like somebody who gets married, and shortly after returning from the honeymoon, the statements for his spouse’s maxed-out credit cards start arriving in the mail. Then, the bank sends a foreclosure notice on her house, and his spouse said she forgot […]

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by (RSS) Economic Development, Taxation | January 15th, 2016 12:15am CDT | 3 Comments

              Here we go again.  A long-term tax freeze is expiring but the company wants more.  Next step: the threat to move. In retrospect, one of the great blunders by former mayor A C Wharton was his advocacy for loosening up the policies for tax abatements so that companies could […]

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