Segmented Pricing for Fines & Fees 2022 | Government Finance Officers Association (GFOA) | 22 March 2022 | Webinar
Venue
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| Event Date |
Wed Mar 23 UTC (over 2 years ago)
In your timezone (EST): Tue Mar 22 8:00pm - Tue Mar 22 8:00pm |
| Location | Webinar |
| Region | All |
Details
As fines and fees have become more important in recent years and are ripe for savvier pricing strategies. Debt from unpaid fines and fees can be harmful to low-income individuals. Moreover, the ethics of public service commits public officials to treat people fairly and produce good results for the community. Therefore, in this paper, we will only consider the potential effects on low-income individuals.
We will explore the following segmented pricing arguments to illustrate the practical applications:
One-size-fits-all pricing will predictably generate unpaid accounts because the price will exceed many people’s willingness/ability to pay.
More aggressive collection of unpaid accounts has disadvantages. It can further imperil the financial health of vulnerable citizens. It also requires the government to incur collection costs. In extreme cases, these costs might even exceed the revenues collected.
Speakers
2022 Speakers
Shayne Kavanagh
Senior Manager, Research
Bryan Glenn
Chief Executive Officer, SERVUS
Paula R. Worthington
Senior Lecturer, Harris School of Public Policy, University of Chicago