Posted By: airforce
With All the Rioting, Ferguson's City Budget is Short - 12/12/2014 01:48 PM
So, they\'re going to have the police issue more citations and raise revenues through fines . You can't make this stuff up.
That's going to help with community relations.
Onward and upward,
airforce
Quote
Ferguson, Missouri, which is recovering from riots following the August shooting death of an unarmed black teenager by a white policeman, plans to close a budget gap by boosting revenue from public-safety fines and tapping reserves.
The strategy by the St. Louis suburb, which suffered a second round of violent protests last month after a grand jury refused to indict the police officer, may risk worsening community relations with increased citations and weakening its credit standing by reducing a rainy-day fund.
To close a projected deficit for fiscal 2014, which ended June 30, the municipality will deplete a $10 million capital-projects reserve, Jeffrey Blume, Ferguson’s finance director, said in a telephone interview. For the current year, the city is budgeting for higher receipts from police-issued tickets.
“There are a number of things going on in 2014 and one is a revenue shortfall that we anticipate making up in 2015,” Blume said. “There’s about a million-dollar increase in public-safety fines to make up the difference.” (...)
The strategy by the St. Louis suburb, which suffered a second round of violent protests last month after a grand jury refused to indict the police officer, may risk worsening community relations with increased citations and weakening its credit standing by reducing a rainy-day fund.
To close a projected deficit for fiscal 2014, which ended June 30, the municipality will deplete a $10 million capital-projects reserve, Jeffrey Blume, Ferguson’s finance director, said in a telephone interview. For the current year, the city is budgeting for higher receipts from police-issued tickets.
“There are a number of things going on in 2014 and one is a revenue shortfall that we anticipate making up in 2015,” Blume said. “There’s about a million-dollar increase in public-safety fines to make up the difference.” (...)
Onward and upward,
airforce