The four traffic camera systems in Oak Ridge have generated more than $6 million in ticket revenues during a roughly five-year period. The city has kept $2.6 million of that, while the camera vendor has collected the other $3.6 million.
The amount of money generated each year has fallen from about $2 million in fiscal year 2010 to roughly $1 million today. That could be at least in part because drivers have grown more accustomed to the cameras.
The automated devices issue $50 citations to drivers who speed or run red lights, and the proceeds are split between the city and camera vendor Redflex Traffic Systems Inc. of Scottsdale, Ariz. So far, the city has collected about 42 percent of the total revenues while Redflex has kept 58 percent.
The city revenues were originally put into a general fund, but starting in Fiscal Year 2011, they were deposited into a special fund that has been used to pay for pedestrian safety projects. That fund now has a cash balance of $778,305. [Read more…]