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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.

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Louisville Public Media broke the news in Louisville, United States on Friday, July 24, 2026.
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