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Measuring the Cost of Gun Violence

Shootings cost Chicago $2.5 billion a year, or about $2,500 per household, according to the University of Chicago Crime Lab. The impact can be measured in the decline of South Shore, a once-vibrant city neighborhood that was home to first lady Michelle Obama, civil rights leader Jesse Jackson Sr. and software pioneer Larry Ellison, co-founder and chief executive of Oracle Corp. In the past two years, shootings in the police district covering South Shore surpassed 400 and increased four times faster than in the city as a whole. The first four-and-a-half months of this year have shown improvement, with homicides down 39 percent citywide through May 12, though some community leaders question whether the decline can be sustained. During the first quarter, Chicago police spent almost two-thirds of the entire year’s $38 million overtime-pay budget targeting high-crime areas. Read the full story.

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