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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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