Chicago Mayor Rahm Emanuel intends to take in $120 million in fines from red-light and speed cameras — and $10 million more from higher parking fines and impounded vehicle storage fees — to balance his $6.97 billion 2014 budget, aldermen were told Tuesday.
“You’re basically telling motorists, `You’re not welcome in the city of Chicago.’ It’s pretty onerous on drivers,” said Ald. Scott Waguespack (32nd) on the eve of the mayor’s budget address to the City Council.
If anything, Waguespack and others believe the $60 million estimate from speed cameras is a low-ball figure.
They point to the 204,743 warning notices churned out by speed cameras installed around four parks in just 40 days during a recent test run. That would have generated $12.2 million in fines if those cameras had been playing for keeps, which they are now.
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