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Ferguson Suffers Budget Fallout From Michael Brown Shooting
ABC News ^ | May 21, 2015 | By JIM SALTER

Posted on 05/21/2015 3:23:15 PM PDT by Oldeconomybuyer

Ferguson city leaders project a $2.5 million budget shortfall during the current fiscal year and a similar shortage in fiscal 2016, largely due to the unrest and fallout after the fatal police shooting of 18-year-old Michael Brown, the town's mayor said Thursday.

Mayor James Knowles III said several businesses damaged or destroyed in the riots have not returned, so sales tax revenue is about $400,000 less than budgeted. The city voluntarily agreed to reduce the amount of money collected through the municipal court. Beyond that, police were issuing few tickets in the months after the shooting because they were too busy dealing with protests, Knowles said. As a result, municipal court revenue for the current fiscal year is expected to be $1.2 million — about half of what was projected.

(Excerpt) Read more at abcnews.go.com ...


TOPICS: Business/Economy; Crime/Corruption; Government; News/Current Events
KEYWORDS: ferguson

1 posted on 05/21/2015 3:23:15 PM PDT by Oldeconomybuyer
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To: Oldeconomybuyer

Hands up, throw the money in my hands. That’s what that guy Sharpton is alllllllll about.


2 posted on 05/21/2015 3:28:31 PM PDT by GrandJediMasterYoda (B. Hussein Obama: 17 acts of Treason and counting.)
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To: Oldeconomybuyer

Just imagine if they took federal welfare checks out of the equation. They’d be done tomorrow


3 posted on 05/21/2015 3:28:37 PM PDT by dp0622
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To: Oldeconomybuyer

Just blame the racist white man and all is well.


4 posted on 05/21/2015 3:31:32 PM PDT by Durbin
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To: Oldeconomybuyer

They aren’t suffering from the shooting, they’re suffering from the riots.


5 posted on 05/21/2015 3:35:09 PM PDT by A_perfect_lady
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To: Oldeconomybuyer

Starve scum.


6 posted on 05/21/2015 3:40:22 PM PDT by The Toll
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To: Oldeconomybuyer

That’s okay.. DOJ AG Loretta Lynch is busy shaking down the big banks so she can cut more checks to the black community organizers. Thanks, Congress.


7 posted on 05/21/2015 3:42:40 PM PDT by CivilWarBrewing
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To: Oldeconomybuyer

Shoot!, Shoot!


8 posted on 05/21/2015 3:49:21 PM PDT by Red_Devil 232 ((VietVet - USMC All Ready On The Right? All Ready On The Left? All Ready On The Firing Line!))
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To: Oldeconomybuyer

HAHA!!! Pi$$ on them. They burned it down. Let them figure out how to rebuild WITHOUT a bailout.


9 posted on 05/21/2015 3:50:53 PM PDT by dware (Yeah, so? What are you going to do about it?)
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To: Oldeconomybuyer

Ferguson’s in the process of becoming a hellhole...


10 posted on 05/21/2015 3:52:56 PM PDT by GOPJ (Did ABC really 'research' the Clinton Cash book and find 'nothing' or was that also lie?)
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To: Oldeconomybuyer

Maybe all the people that were paid to protest can help bail them out.


11 posted on 05/21/2015 4:03:51 PM PDT by Trillian
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To: Oldeconomybuyer
Ferguson Suffers Budget Fallout From the Rioting and Looting that Followed the Michael Brown Shooting
12 posted on 05/21/2015 4:11:13 PM PDT by Conscience of a Conservative
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To: Oldeconomybuyer

13 posted on 05/21/2015 4:26:35 PM PDT by SWAMPSNIPER (The Second Amendment, a Matter of Fact, Not A Matter of Opinion)
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To: Trillian

If the link to Soros can be proven, why shouldn’t he be sued to cover the financial protest-related loses the city has experienced?


14 posted on 05/21/2015 4:30:02 PM PDT by MSSC6644 (Defeat Satan; pray the rosary.)
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To: Conscience of a Conservative

ABC/AP story says that “several businesses” were looted or burned. SEVERAL? What is this reporter smoking? LSD-laced horsecrap?


15 posted on 05/21/2015 5:12:14 PM PDT by MadMax, the Grinning Reaper (madmax)
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To: A_perfect_lady
They aren’t suffering from the shooting, they’re suffering from the riots...Bingo.....
16 posted on 05/21/2015 6:19:04 PM PDT by Intolerant in NJ
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To: Oldeconomybuyer

What geniuses in Ferguson. You burn down your business district and you’re not making profits. I guess St. Michael the Thug memrobilia isn’t selling too well these days either.


17 posted on 05/21/2015 6:43:32 PM PDT by dowcaet
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To: Oldeconomybuyer
Heyyyyy. I'd like a thug t-shirt like this guy has!


18 posted on 05/21/2015 10:37:28 PM PDT by VeniVidiVici (Hey, hey, GayKKK. Who you gonna lynch today?)
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