State Comptroller Sends Another Warning Letter To Memphis City Council

State Comptroller Sends Another Warning Letter To Memphis City Council

Get your financial house in order or else. That's the message in another letter from the state of Tennessee to the city of Memphis.
MEMPHIS, TN (localmemphis.com) - Get your financial house in order or else. That's the message in another letter from the state of Tennessee to the city of Memphis.

"Not surprised really. You know some of us on the council for three or four years now have been saying that if we don't make the decisions we need to make in city government with the budget, other people are going to make it for us," said Memphis City Councilman Kemp Conrad.

That's exactly what the state Comptroller's office says is going to happen. Wednesday, Memphis leaders received another letter from the state about financial issues that face the city. In the letter, the Comptroller says the council needs to make the most basic decisions over the budget, or else.

"If we don't do it as a city then the state's going to do it for us. I'm sure they don't want the same issue that Detroit, Michigan has on its hands with the city of Detroit right now, and that's where we're headed if we don't solve these challenges," said Conrad.

The Comptroller also warns about not balancing this budget. In the letter, the state says it's time to stop kicking the can down the road and make some cuts and pay down its debt.

"The situation has gotten so bad, the can has been kicked so far down the road that we need to make some decisions," said Conrad.

This may be Memphis' last chance to determine its own financial future.
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