Speed Cameras In Chicago Earn $50M Less Than Expected

countach44 writes that (in the words of the below-linked article) "Chicagoans are costing the city tens of millions of dollars — through good behavior." The City of Chicago recently installed speed cameras near parks and schools as part of the "Children's Safety Zone Program," claiming a desire to decrease traffic-related incidents in those area. The city originally budgeted (with the help of the company providing the system) to have $90M worth of income from the cameras — of which only $40M is now expected. Furthermore, the city has not presented data on whether or not those areas have become safer.

Comments

So it's like Colorado

[smooth wombat]

Colorado made a big deal of how much money they would take in by legalizing marijuana. They, the state, predicted they would take in $184 million in the first year and now it looks like they'll be lucky to hit $40 million.

This doesn't include the associated costs with the increase in crime or loss of productivity which have to be taken out of that amount.

So using the inevitable whining from people on here, Colorado's experiment is just as much a failure as Chicagos.