MEMPHIS, Tenn. (AP) - Memphis Mayor A C Wharton says he wants the city to adopt a 5-year strategic plan that he hopes will prevent it from hitting a "crisis point."
On Tuesday, the City Council will vote on an ordinance to amend the city charter to require adoption of the plan, a change voters ultimately would have to approve.
Among the issues cited by Wharton are the costs of public safety, pensions and health for current and retired employees set against declining real estate values and increasing debt service payments.
The Commercial Appeal (http://bit.ly/QNgTIF) reports that total property tax collections in Memphis fell from $384.2 million in 2008 to $365.2 million in 2011.
Information from: The Commercial Appeal, http://www.commercialappeal.com