About This Source - Bloomberg QuickTake: Now
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It was founded by Michael Bloomberg in 1981, with the help of Thomas Secunda, Duncan MacMillan, Charles Zegar, and a 12% ownership investment by Merrill Lynch.
Recent from Bloomberg QuickTake: Now:
Bloomberg Quicktake: Now published this video item, entitled “Cities Say They Want to Defund the Police. Their Budgets Say Otherwise.” – below is their description.
The rallying cry to defund the police that erupted with George Floyd’s killing almost eight months ago has come up against political realities with most major U.S. cities unwilling to make meaningful cuts.
Even as the 50 largest U.S. cities reduced their 2021 police budgets by 5.2% in aggregate—often as part of broader pandemic cost-cutting initiatives—law enforcement spending as a share of general expenditures rose slightly to 13.7% from 13.6%, according to data compiled by Bloomberg CityLab. And many cities like Minneapolis and Seattle have watered down or put on pause changes that were proposed or even passed at the height of the 2020 demonstrations against racism and police brutality.
Disparities in policing came into full view on Jan. 6 as a predominantly white mob of President Donald Trump’s supporters stormed the U.S. Capitol in a bid to overturn the results of the presidential election. Videos emerged of officers appearing to open barricades for rioters, offering a stark contrast to scenes from summer protests, where largely peaceful demonstrators were met at times with brutal force.
Police budgets will expand this year even in cities like Atlanta, Omaha and Phoenix, where Democrats picked up more votes in the 2020 presidential race versus 2016. Out of 42 major cities where Democrats gained share, 24 increased police spending for fiscal 2021, while 18 made cuts.Bloomberg Quicktake: Now YouTube Channel
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