Press Release: City Councilman Harold Collins Proposed 2010 City Budget
(The following press release is published as it was received by the Main Street Journal.)
City of Memphis Proposed Budget FY 2010
Mayor’s Proposed Budget $617,451,511
Salaries/Wages $438,713,855
Materials and Supplies $106,740,591
Capital outlay $ 2,502,345
Grants & subsidies $ 62,416,039
Inventory $ 91,675
Transfers out $ 6,987,006
Net Total Expenditures $577,239,645
Councilman Collins’ Proposed Budget Reductions
3% Pay Increase $ 2,750,000
Health Department $ 5,000,000
Savings
Budget Hearing reductions $ 9,560,367
Total Reductions $ 17,310,367
Use of Fund Balance $ 22,750,000
Adjusted Total $ 40,060,367
Adjusted Net Expenditures $537,300,012
Note: Split $5 million between salaries and M&S.
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