Memphis mayor proposes budget $18M less than last - Action News 5 - Memphis, Tennessee

Memphis mayor proposes budget $18M less than last

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(WMC-TV) - Memphis Mayor A C proposed a budget $18 million less than the last budget. The proposed budget is $596 million.

Wharton says pensions are the biggest problem.

"Dealing with pensions is the elephant in the room. We must and will address this in a way that makes the entire system stronger," said a tweet from the mayor's account.

Also, a tax increase is not included in the proposed budget, but some city council members say do not count it out.

To read the full budget address follow the link: http://ftpcontent4.worldnow.com/wmctv/FY15%20Budget%20Speech.pdf. 

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