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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
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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




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Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer.

Morningstar: © 2015 Morningstar, Inc. All Rights Reserved.

Factset: FactSet Research Systems Inc. 2015. All rights reserved.

Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved.

Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor’s Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2015 and/or its affiliates.