Battle to balance Memphis' budget - FOX13 News, WHBQ FOX 13

Battle to balance Memphis' budget

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Memphis Police officers hold signs in the back of the city council chamber during budget discusses. They are asking for citizen support. (Matt Gerien / FOX13 News) Memphis Police officers hold signs in the back of the city council chamber during budget discusses. They are asking for citizen support. (Matt Gerien / FOX13 News)
MEMPHIS, Tenn. (FOX13) -

Memphis council members have spent nearly the entire day Tuesday hashing out layoffs, tax increases and slashing funding in trying to balance the 2014 operating budget.

After weeks of discussion there is still no decision.

Higher taxes, buyouts, and layoffs are all on the table. Even the Tennessee State Comptroller's Office weighed in saying: "the city needs to get its long term financial house in order."

Council went into recess at 10:30 p.m. after the marathon budget session.

Council slashed spending during Tuesday's marathon session, spending hours going over budget amendments.

City Hall was packed with public employees to put a human face on the cuts the council was slated to make.

Council members voted to eliminate more than 400 jobs, including 100 layoffs. The council also voted down the restoring of 4.6-percent in pay for city workers.
 
The council was considering an amendment from Chairman Edmund Ford Jr., but they voted to table the budget talks until the 25th so they could take a closer look at some of the numbers.

So far there's been no decision on the city's tax rate.

Council members also approved a plan to install 150 speed cameras in school zones in neighborhoods around the city. The plan could bring in as much as $29 million in fines. But the council can't count on that money in the budget.

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FOX13 News reporter Matt Gerien contributed to this report;

 

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