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Conservative-run Swindon Borough Council wants to withdraw the £400,000 annual funding it pays the local safety camera partnership.
Councillor Peter Greenhalgh, who is in charge of the council's transport policy, said he would rather see the six-figure sum spent on local schemes such as traffic calming and vehicle-activated speed signs, which cost as little as £5,000 apiece to install.
In a direct attack on Government policy, Mr Greenhalgh said local authorities like Swindon did not see a penny of the revenue generated by speed cameras. Instead the money raised in fines went straight back to central government, he argued.