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| Excerpt of revenues from College Park budget |
In FY2014, College Park had brought in $1,529,721 in speed camera funds. The city had budgeted $1,600,000 for FY2015, but announced actual revenues of $2,695,065 in FY15 in the city's requested budget for FY16. This amounts to a 76% increase in revenues in a single year.
This money is divided between the city and their contractor, Optotraffic, who receives a percentage-cut bounty off of camera revenues. Optotraffic saw their piece of the action increase from $596,591 in FY14 to $1,051,075 in FY15.
The revenue increase was due to the the fact that Speed limits on a portion of Rhode Island Avenue were lowered by 5 mph and the city deployed three new speed cameras. College Park also began issuing citations 24/7 and on weekends due to a specific exception which permits them to run speed cameras outside school zones.
The city's total general fund revenues were reported to be $13,507,069. The city's $1,643,990 cut of speed camera ticket revenues constitutes approximately 12% the amount of general fund revenues.
