Nov 28
2023
Spending more on settlements than services
The City of Buffalo will borrow $43 million to settle a lawsuit brought by a woman rendered a quadriplegic after a police officer hit her with his patrol car more than three years ago. It is the largest payout for a personal injury lawsuit in the city’s history. The city’s top attorney called it “unprecedented.” A city lawmaker called it “catastrophic.” With interest, the total cost of the settlement could approach $50 million, based on current lending rates for municipal bonds, adding nearly $10 million to the city’s annual debt service over each of the next five years. That’s an[...]