Self-driving cars once seemed to be a thing of the future. When you were young, you imagined these vehicles as something your children or their children would own. The future has come faster than we believed. Self-driving cars are a reality, though currently unaffordable for many.
While self-driving cars are considered to be a safer means of transportation, what will they mean for city revenues? Many cities across the country, including New York, depend on the revenue from traffic tickets to pay for infrastructure and other needs. Self-driving cars are more obedient than those driven by humans, meaning that traffic tickets will decline and maybe even disappear altogether.
During the 2016 fiscal year, New York City collected close to $570 million in traffic and parking fines. In fact, these monies amount to more than half of what was taken in by the city. A significant drop in this revenue could mean higher taxes for citizens. It could also mean a cut to public services that are dependent upon the revenue for operations.
When the day comes that self-driving cars are commonplace, states may have to come up with innovative ways to bring in revenue. It leads to the question: Will self-driving cars be a benefit or a detriment to society?
If you receive a traffic ticket in New York, it is within your rights to fight it in court. Reach out to our team for a free case evaluation and learn more about your legal rights.