CNN/Money  

Our Terms of Service and Privacy Policy have changed.

By continuing to use this site, you are agreeing to the new Privacy Policy and Terms of Service.

graphic
News > Economy
graphic
Terror alert costs millions
Homeland security cost jumps to $70M a week as the U.S. faces heightened terror alert, survey shows.
May 21, 2003: 4:21 PM EDT

NEW YORK (CNN/Money) - The heightened terror alert costs U.S. cities millions of dollars, and for many of them, that is money they can ill afford.

The cost of orange
graphic
How one major city deals with the threat of terrorism and the costs it brings. (more)

President Bush raised the nation's threat level Tuesday to orange, or "high" -- the second-highest level -- after intelligence reports suggested al Qaeda may be getting more active and mount another attack within the United States.

Cities nationwide spend about $70 million a week on additional homeland security during periods of high alerts, the U.S. Conference of Mayors said in a recent survey.

The report said New York City alone spends about $5 million a week on additional homeland measures, and most of that is to keep police officers on 12-hour shifts and put extra law enforcement on duty.

San Francisco spends $2.6 million a week on heightened security, including protecting landmarks like the Golden Gate Bridge, the study said.

Many cities are facing their worst budget shortfalls in decades and they are struggling to meet these increased financial demands.

Some city officials have questioned whether the "high" alerts would do anything more than frighten the public and cost taxpayer dollars, but the White House maintained that the security alerts may help deter attacks.  Top of page




  More on NEWS
20 stocks to buy after Brexit chaos
Italian bank crisis may be collateral damage from Brexit
How low can bond rates go after Brexit?
  TODAY'S TOP STORIES
It's a horrible time to be a U.S. bank
20 stocks to buy after Brexit chaos
Volkswagen agrees to $14.7 billion settlement




graphic graphic