aGameOfThrones
03-24-2011, 07:05 PM
(Reuters) - New York City has issued fewer parking tickets each year since fiscal 2003, and this year likely will continue the "long-term downward trend," a fiscal watchdog said in a report released on Thursday.
Revenue from this unpopular fine is expected to slide nearly 4 percent to $580 million, according to the report by the New York State Financial Control Board.
About 9 million tickets have been written each year since fiscal 2004, down sharply from the highs of 13 million tickets hit in 1991 and 1992.
The drop this year, for the budget that ends on June 30, is partly explained by an exceptional series of local snowstorms, which cost the city about $53.5 million in lost parking fines.
http://www.reuters.com/article/2011/03/24/us-newyorkcity-budget-idUSTRE72N7YY20110324
Revenue from this unpopular fine is expected to slide nearly 4 percent to $580 million, according to the report by the New York State Financial Control Board.
About 9 million tickets have been written each year since fiscal 2004, down sharply from the highs of 13 million tickets hit in 1991 and 1992.
The drop this year, for the budget that ends on June 30, is partly explained by an exceptional series of local snowstorms, which cost the city about $53.5 million in lost parking fines.
http://www.reuters.com/article/2011/03/24/us-newyorkcity-budget-idUSTRE72N7YY20110324