http://nypost.com/2015/01/12/slowdown-has-cost-city-over-46m-in-lost-revenueSlowdown has cost city over $46M in lost revenue
The New York Post ^ | January 12, 2015 | Michael Gartland and Leonard Greene
Posted on 1/12/2015 8:37:37 AM by Timber Rattler
It’s the high price of the NYPD slowdown. Feuding between cops and City Hall has already cost the city more than $46 million in lost parking-ticket revenue — staggering losses that could take a bite out of critical programs and services, critics charged Sunday.
“It’s not a natural disaster — this is man made,” said Glen Bolofsky, president of Parkingticket.com, a ticket-fighting service which crunched the numbers.
Because ticket revenue is accounted for in the city’s budget — $518 million a year, according to a November 2014 Office of Management and Budget report — the spectrum of a budgetary shortfall has become real.
“There obviously are some financial ramifications,” said Councilman Brad Lander (D-Brooklyn).
The drain amounts to more dough than the city lost in ticket revenue to Superstorm Sandy — because the feds eventually reimbursed those millions.
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