It's been a GREAT  year in the Trustee's Office!

Shelby County's Fiscal Year 2019 ended June 30th and I am so proud of our team at the Trustee's Office.  Our collection rate for the year ending June 30th was a RECORD BREAKING 97.12% !  Our team set another record for dollars collected in the month of June, bringing in $5.5 million - almost double any past June!  

Property tax collections, as a percentage of the amounts billed, were at record numbers across almost all categories!  The differences in percentages, although small, represent a lot of tax dollars.

	6/30/2019	6/30/2018
Total	97.12%	96.91%
Realty	96.93%	96.67%
Personalty	96.80%	97.12%
SAP  (State Assessed Properties)	99.85%	99.78%
PILOTs	98.47%	97.43%

Adding to our historic year, the interest earned on the investment portfolio of Shelby County exceeded even my expectations. Our Shelby County portfolio continues to return a higher rate than the State of Tennessee's investment portfolio this year.  While the Trustee's i nvestment income in Fiscal Year 2018 was $8.5 million for the entire year, in Fiscal Year 2019, we almost doubled that, earning $ 16,597,332 . 

The County tax rate will remain $4.05 for the 2019 tax year and notices will be going out in the mail in the next week or so!

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Honored to serve,

On July 16, we cut the ribbon on the GMFEC.  We already have 85 clients obtaining free one on one financial counseling.  This public service, funded by grants and donations, is available to any Shelby County resident FREE. It is not just another program, it is help for as long as a client needs it.

Our sponsors have been amazing and the City of Memphis joined the list in June with a grant from the Memphis City Council! Many thanks to the Cities for Financial Empowerment, Shelby County, MLGW, the Assisi Foundation and particularly our non-profit partner, RISE Foundation. The GMFEC is a sponsored program of the Women's  Foundation for a Greater Memphis and a "Driving the Dream" program of United Way. 

The Center is located on the ground floor at 254 Court Avenue, at Fourth Street, has an  on-site operations manager, certified financial counselors, and administrative staff to assist with scheduling financial counseling appointments. It is designed to be a resource center for Shelby County citizens in need of information, financial counseling and coaching, and referrals to other social services and benefits. The counselors will be mobile, traveling to various co-location partner sites throughout the County for the convenience of citizens.  

The prior programs promoted by the Trustee's Office: Project H.O.M.E., Bank On Memphis, and On My Own - will now operate under the umbrella of the GMFEC. For more information about the GMFEC, please contact Molly Polatty at 901-222-0206 or [email protected] or visit the GMFEC website at www.gmfec.org .