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.
Topics
Subscriber OnlyWe’re in the final countdown of 2025. ⌛🪩🎉
Will you make a donation before the ball drops on New Year’s Eve to fuel trustworthy reporting in the new year?
➡️ Make a fully tax-deductible donation or other contribution to The Daily Memphian, a 501(c)3 nonprofit news organization.
We believe an informed Memphis is a better Memphis. If you agree, join our growing list of donors now!
Samuel Hardiman
Samuel Hardiman is an enterprise reporter who focuses on government and politics. He began his career at the Tulsa World where he covered business and 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 Commercial Appeal’s city hall reporter and later joined The Daily Memphian in 2023. His current work focuses on the intersection of government, public policy, influence and how public dollars are spent.
Comments
Want to comment on our stories or respond to others? Join the conversation by subscribing now. Only paid subscribers can add their thoughts or upvote/downvote comments. Our commenting policy can be viewed here.