Moody Eye View

Parking tickets are causing big problems for Sacramento’s bottom line, but the problem isn’t with people breaking the law, it’s with those who aren’t. The city of Sacramento is saying it appears that parking violators are learning their lesson. Fines generated from parking tickets are dropping dramatically this year.  The city had anticipated generating more than $10 million in fines from people whose time expired, those that failed to feed the meter, or those that parked illegally. However, parking officers are now having a harder time finding people to ticket; and it’s creating a $1.2 million deficit in the city’s budget.

Increasing taxes changes people behavior as revenue goes down.

Tags: Eyeview Econ 101

This entry was posted on January 29, 2013 at 7:05 am and is filed under Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.