Traffic fine figures reveal the Government expects to reap $376 million this financial year from traffic fines, a $60 million jump on the previous year.
It is also a 61 per cent rise on the total three years ago.
The Government is earning $42,922 an hour, with a motorist booked every 12 seconds.
Despite the bounty, the Government plans to spend only $120 million on new road safety initiatives, according to State Budget papers released this month.
Motoring fine revenue is to continue its upwards spiral in 2007-08, when the Government estimates it will collect $419 million.
Opposition Transport spokesman Terry Mulder said the Government was blatantly using cameras for profit.
He also said fine revenue pledged for road safety was being used to fund road building and maintenance.
But the soaring motoring fine revenue has not been enough to save a 40-year-old program that taught road awareness to children from 150 kindergartens and primary schools.
The move came after the Victoria Police re-assigned Moorabbin Children's Traffic School's instructor Sen-Constable Sue Radchenko to other duties.
Opposition scrutiny of government spokesman Murray Thompson demanded the "disgraceful" decision be reversed.
When the Budget figures were put to the Government yesterday, spokeswoman Fiona MacRae responded: "Since July 2005, all receipts collected from traffic camera and on-the-spot speeding fines have been channelled back into improving Victoria's roads.
"The funds are spent on roads, road safety and road maintenance programs."
The Government and police have repeatedly refused to reveal camera statistics.