Amount of Shelby County Taxes Waived
The following are the yearly amounts of Shelby County taxes waived by EDGE (and before EDGE, the Memphis and Shelby County Industrial Board, Downtown Memphis Commission, the Memphis Health and Educational Facilities Board, the Shelby County Health Educational Facilities Board and the Industrial Boards of Arlington, Bartlett, Collierville, Germantown, and Millington.
These waived revenues include significant percentages that would otherwise go to schools.
The total amount of taxes waived over a 10-year period is $474 million.
2015 – $ 48,706,519
2014 – $ 48,703,213
2013 – $ 49,907,698
2012 – $ 46,428,979
2011 – $ 50,031,726
2010 – $ 48,270,278
2009 – $ 49,393,717
2008 – $ 40,452,509
2007 – $ 43,105,435
2006 – $ 49,269,457
Social Mobility
The probability that a child who was in the lowest 20% of income earners in 1996 would reach the highest 20% by 2010. In other words, a child grew up in Salt Lake City is 4.4 times more likely to make the change than a child in Memphis.
11.5% – Salt Lake City
11.2% – San Francisco
10.4% – Seattle
10.4% – San Diego
10.3% – Pittsburgh
9.8% – Boston
9.7% – New York
9.6% – Los Angeles
9.5% – Washington, DC
9.0% – Minneapolis
8.9% – Portland
8.8% – Oklahoma City
8.4% – Houston
8.3% – Denver
7.8% – Phoenix
7.7% – Philadelphia
7.5% – U.S. Average
7.4% – Miami
6.9% – Kansas City
6.9% – Austin
6.6% – San Antonio
6.5% – Baltimore
6.4% – Dallas
6.2% – Nashville
6.1% – Chicago
5.6% – St. Louis
5.6% – Milwaukee
5.5% – Cincinnati
5.2% – Cleveland
5.1% – Detroit
5.1% – Columbus
4.8% – Indianapolis
4.3% – Charlotte
4.0% – Atlanta
2.6% – Memphis
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