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Memphis council approves multiple funding moves, authorizes up to $60 million in stormwater bonds
Summary
On Jan. 13, 2026, the Memphis City Council unanimously approved a slate of capital, grant and budget measures — including reallocations of Accelerate Memphis funds, park project allocations and an initial authorization for up to $60 million in stormwater system revenue bonds — and granted same-night minutes for several items.
The Memphis City Council on Jan. 13 approved a bundle of budget and capital measures affecting parks, drainage, public safety and utilities, and authorized the sale of stormwater system revenue bonds in an amount not to exceed $60 million.
Vice Chair Carlisle moved the fiscal consent and related items; the motions carried on roll-call votes with all present council members voting yes. Major approvals included an initial resolution authorizing stormwater system revenue bonds up to $60,000,000 and a follow-on series resolution delegating details to the city CFO and approving the form of the official statement. Councilman…
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