Feb. 2 at 8:27 PM
Verra Mobility shares fell on Monday after The Washington Post reported that the Trump administration is restricting cities from using federal traffic safety grants to purchase speed cameras. The U.S. Department of Transportation has informed municipalities that safety funds cannot be used to subsidize speed camera acquisitions, a policy shift that could negatively impact companies providing automated traffic enforcement technology.
The report also noted additional limits on projects such as sidewalk extensions into roadways, with narrow exceptions for areas like school zones and public transit stops. These measures could weigh on Verra Mobility’s government solutions segment, which includes automated safety enforcement programs for cities and school districts.
Verra Mobility’s business spans commercial services and government solutions, with the latter potentially facing headwinds from reduced access to federal funding.
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