One reason Memphis can’t touch its rainy day fund: pending lawsuits
RowVaughn Wells, (middle) mother of Tyre Nichols, speaks to the media on Wednesday, April 19, 2023, after announcing a $550 million civil lawsuit against the City of Memphis, Memphis Police Department, and individual officers for the January 2023 death of Nichols. (Mark Weber/The Daily Memphian file)
Outside of its bond rating and requirements from the state comptroller, Memphis has another reason to keep its $100 million rainy-day fund intact: the pending civil rights lawsuit from Tyre Nichols’ family and estate.
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Samuel Hardiman
Samuel Hardiman is an enterprise and investigative reporter who focuses on local government and politics. He began his journalism career at the Tulsa World in Tulsa, Oklahoma, where he covered business and, later, K-12 education. Hardiman came to Memphis in 2018 to join the Memphis Business Journal, covering government and economic development. He then served as the Memphis Commercial Appeal’s city hall reporter and later joined The Daily Memphian in 2023. His current work focuses on Elon Musk’s xAI, regional energy needs and how Memphis and Shelby County government spend taxpayer dollars.
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