A recent analysis by the The City of New York Independent Budget Office uncovered that New York City spends about $116 million per year on holding people in jail who are unable to pay bail before their trial.
Seventy-eight percent of the city's jail population are pretrial detainees, of which ninety percent are men of color. The analysis revealed that, "on an average day 3,931, or 52 percent, of all pretrial detainees were being held because they had been unable to post bail." About one-third of the pretrial detainees unable to pay bail are being held on misdemeanor charges.
Read the Independent Budget Office's analysis here