
“These forfeitures and the partnerships between municipal police and federal agencies rose as the economy of California slid into a slump. Forfeitures through the federal Equitable Sharing Program have tripled while forfeitures using the state’s process have remained flat (and much lower). The reason is pretty simple: California’s asset forfeiture law allows law enforcement agencies to keep only a maximum of 65 percent of the money they seize. The federal program allows law enforcement agencies to keep 80 percent. Some cities appear to be anticipating forfeiture revenue in advance and using forfeited funds to supplant budgeted spending for law enforcement agencies.”
http://reason.com/blog/2015/04/21/tiny-california-towns-have-big-asset-for
Related posts:
There Are Now At Least 14 Digital Currencies Worth More Than $1
Are We Investing or Are We Just Dodging Thieves?
The Future Of Bitcoin Depends On Startups, Regulations And China
The State's War on Student Debtors Is Heating Up
DEA ‘Cold Consent’ Encounters Constitute Federal Stop-and-Frisk
After being hacked again, IRS shuts down e-File PIN service
LAPD Cop Shoots Homeless Man to Death After Requesting ID
Developers Scramble to Build NSA-Proof Email
Gold Sector: A Small Fish in a Big Pond
Author Behind Ransomware Tox Calls it Quits, Sells Platform
Bitcoin Goes to Washington
A New Backdoor Around the Fourth Amendment: The CLOUD Act
Facebook Removes Declaration of Independence Text as Hate Speech
Majority of US college campuses becoming ‘no-free-speech’ zones
Russia: Hysteria around chemical attack suits those who want military intervention