Miami's Red-Light Cameras Are a Financial Failure That Might Lead to Furloughs
As much as city officials try to talk a good game about installing pesky red-light cameras for public safety, most were really swayed by extra money generated by tickets. City of Miami Mayor Tomás Regalado pretty much admitted as much, and the city hoped red-light cameras would bring in $10 million this fiscal year. They brought in less than $2 million, and that difference will add to the city's 2012 budget deficit.
"They worked too well," Regalado tells Bloomberg News .
"The shortfall will contribute to a $15 million projected fiscal 2012 budget deficit that may force the city to give employees unpaid days off one day a week," Bloomberg reports.
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