I've seen so many pedestrians hit by people on bikes, in bike lanes that did not stop at red while someone was crossing the walk. It's invariably a Lance Armstrong type or a tourist on a City Bike with no idea what they are doing.
With the loss of revenue from parking tickets it will have to be made up somewhere and people on bikes should be the targets for fines. There should also be stricter requirements on registering bikes for a fee to be used in the city with unlicensed bikes being fined.