Maybe I'm odd, but if it saved 1-2 kids over the next 5 years I'd probably argue it was worth the cost and my inconvenience for the 400m of residential road I travel each day.
There are better ways to get drivers to slow down, but implementing those things city-wide would be quite a bit more costly than just changing the limits. Personally my preferred stance would be persistent photo radar everywhere, but I can appreciate I'm on an island when it comes to supporting that. It'd be free (hell it would make us money), and people don't tend to follow rules unless they know they'll get caught.
When it comes to kids, one of the biggest eye-openers for me when I became a parent was how much harder it is to teach them certain things. I foolishly believed lessons on properly crossing roads would be basic stuff, but it's shockingly difficult to teach safety to a something that doesn't understand what death is.
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