Memphis data center tax revenue to fund $3.28 million in community investments near xAI facilities
Mayor Paul Young presented his proposal for use of $3.28 million in FY2026 revenues gathered from a groundbreaking property tax targeting data centers during the Tuesday, July 21 meeting. Passed by the Memphis City Council in 2025, the Community Benefit Ordinance tax is expected to generate $100 million for the city. Twenty-five percent will be spent directly on the communities that lie within a five-mile radius of data centers.
Black News 
Mayor Paul Young presented his proposal for use of $3.28 million in FY2026 revenues gathered from a groundbreaking property tax targeting data centers during the Tuesday, July 21 meeting.
Passed by the Memphis City Council in 2025, the Community Benefit Ordinance tax is expected to generate $100 million for the city. Twenty-five percent will be spent directly on the communities that lie within a five-mile radius of data centers.
