Posted: 10/13/2006 8:31:50 AM EDT
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A Federal Reserve Bank study shows that when city revenues drop, traffic tickets increase. SUPRISE SUPRISE SUPRISE! A Federal Reserve Bank of Saint Louis working paper concludes that municipalities use traffic tickets as a means of supplanting falling local revenue. Economist Thomas A. Garrett and University of Arkansas at Little Rock Professor Gary A. Wagner explain that although there is ample anecdotal evidence to show that this is the case, no empirical studies have ever examined the question in detail. Link to stoy: www.thenewspaper.com/news/13/1388.asp I'm shocked, shocked I say to hear that the cities use traffic tickets as a source of revenue! TXL |
