Victorian budget 2021: Speeding fines to rake in $2.7bn
Lead-footed drivers and toll evaders will be slugged with millions of dollars worth of fines in Victoria over the next four years.
Revenue from speeding fines in Victoria will jump by 34 per cent over the next financial year and by 45 per cent over the forward estimates.
Lead-footed drivers were hit with $418m worth of fines this year, up from $330m last year.
Fines are expected to hit $582m in 2022-23, $591m in 2023-24 and $608m in 2024-25.
That is more than $2.7bn over the next four years.
Annual revenue from toll evasion fines will triple next financial year, rising from $44m this year to $134m next year, according to the state budget estimates.
Revenue from toll evaders will be stable at $137m in 2022-23 and $139m in 2023-24 before reaching $142m in 2024-25.
Victorians paid $197m in on-the-spot fines issued by police this year, which is expected to fall to $181m in 2021-22 and $185m in 2022-23 before rising to $192m in 2024-25.
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