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Special Report: How Autonomous Vehicles Could Constrain City Budgets
“The introduction of driverless cars could affect how much money cities collect in parking, traffic citations, traffic cameras, towing fees, gasoline taxes, licensing, registration and other revenues.”
“In all, cities took in a total of nearly $5 billion in fiscal year 2016 from parking-related activities, camera and traffic citations, gas taxes, towing, vehicle registration and licensing fees.”
“Parking collection fees and fines accounted for more than half the total revenues cities reported.”
“The local governments most likely to incur the biggest revenue hits are smaller jurisdictions that rely significantly on parking or traffic enforcement revenues to fund their budgets.”
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