Summary
Mayor Willie Herenton is forecasting stormy weather on the horizon, economically speaking. Things will get so bad, he says, that Memphis and Shelby County governments will have to merge one day whether they like it or not.
Whatever happens on the consolidation front, population and taxable property value losses will undoubtedly force city government to scale back spending, just as private businesses have had to adjust to the economic downturn.See the full content of this document
Extract
Mall Bailout Unaffordable
With those factors in play, members of the Memphis City Council are right to take a long, hard, sk...
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