Tuesday, April 15, 2008

Higher Taxes on the Horizon for Memphis and Shelby County

Budget proposals for the city and county include increases in city property taxes and a new county privilege tax.

The privilege tax would only affect those who work inside but live outside Shelby County. To sweeten the deal, Shelby County residents would see a decrease in county property taxes. The privilege tax would have to be approved by the General Assembly.

These new taxes are sure signs that citizens and governments are feeling the pain of economic downturn.

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