How Do We Solve Population Decline?

Last month, Mayor Paul Young broke with the tradition observed by recent mayors of Memphis by acknowledging the fact that the city’s population is in steady decline. Now, a new state law could change the way sales tax revenue is allocated to municipalities based on what proportion of Tennesseans live there.

Population loss affects more than sales tax revenue: it also means less revenue in property taxes and fewer patrons for local businesses. So what do we do about this?