April 16, 2009

Despite being $129m in the hole, $2.4m for cameras

Filed under: Uncategorized — MarkBallew @ 8:59 am

 

$2.4M for accident cams?

"Under the plan, DriveCam Inc. would install the equipment for $2 million and then monitor and analyze the videos for $400,000 a year. Although Muni faces a $129 million deficit in the next fiscal year, officials hope the system ultimately would save money by reducing accidents."

I understand the logic here, make an up front and reoccurring investment to pinpoint, refute, and reduce accidents, but is this really the fiscal year to do this? Cutting this program would put a 2% dent in the budget deficit, is Muni management expecting to get at least 10% of that claim money they have budgeted back?

"Additionally, videos could be used to verify or refute legal claims connected to Muni-related collisions. The agency has budgeted about $20 million in the upcoming fiscal year to pay out such claims."

 

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