Wednesday, August 5, 2015

College Park Speed Camera Revenues Surge

Excerpt of revenues from College Park budget
The City of College Park's gross speed camera revenues increase by more than a million dollars over the previous year's level, according to the city 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.