MEMPHIS, Tennessee —
Memphis Mayor Jim Strickland has delayed his 2021 budget presentation due to the ongoing coronavirus pandemic.
During Tuesday’s Memphis City Council meeting conference call, the members listened as Strickland outlined a grim financial outlook for the rest of this year with a $20 million dollar shortfall and what would be an $80 million deficit.
Mayor Strickland says the best-case scenario is that federal funding would provide financial support for running the city.
The 2021 year fiscal budget is expected in 2 weeks.