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Since the NYPD began its reported “work stoppage” several weeks ago, arrests are sharply down, the courts are so slow employees are watching movies, and now it seems that the city’s bank account is also taking a dip. The Post reports the city is losing about $10 million each week in projected revenue from the deep decline in parking tickets alone. Luckily, the city’s balance sheet doesn’t exactly ride on the backs of double-parkers: The Independent Budget Office said that this revenue is still a small percentage of the city’s overall budget of $77 billion, though the losses could start becoming a problem if the NYPD slowdown continues for many more weeks.
