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 OnlyThank you for supporting local journalism.
Subscribers to The Daily Memphian help fund our not-for-profit newsroom of nearly 40 local journalists plus more than 20 freelancers, all of whom work around the clock to cover the issues impacting our community. Subscriptions - and donations - also help fund our community access programs which provide free access to K-12 schools, community organizations, and more. Thank you for making our work possible.
Samuel Hardiman
Samuel Hardiman is an enterprise and investigative reporter who focuses on local government and politics. A native Rhode Islander who lives Downtown, he enjoys tennis, golf and reading.
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.