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Unpaid Fines: New York City Owed Over $2 Billion
Have you ever received a parking ticket and paid it off right away? Turns out, many New Yorkers are not paying their fines and the city is owed over $2 billion in unpaid fines. City Council member Gale Brewer requested data from the independent budget office and is questioning why these fines have not been collected.
NEW YORK - According to a new report by New York City's Independent Budget Office, the city is owed over $1B in unpaid parking tickets and speeding fines.
The Independent Budget Office, a nonpartisan agency that provides information about the city's budget and tax revenues, made the announcement in a letter to Upper West Side Councilmember Gale Brewer, who had requested the information.
According to the IBO, the city is owed over $1B in parking and camera-generated fines, along with $150M in alienable property charges and roughly another $940M in penalties adjudicated by the Office of Administrative Trials and Hearings.
An NYPD Traffic officer places a parking ticket on a car's windshield near a retail space for lease sign in the West Village as the city continues Phase 4 of re-opening following restrictions imposed to slow the spread of coronavirus on August 19, 20 …
"These three measures are by no means exhaustive, and are likely an undercount of the total amount of debt that the city is owed," the IBO said in a statement.
According to the IBO, over $5.8B in fines have been given out since 2017, with $4.78 having been repaid as of March 2023.