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Charleston committee adopts FY2025–26 parking system budget; revenue up about 1.7%
Summary
The Finance Committee approved Resolution 25‑49 adopting the FY2025–26 parking system budget, projecting a $46,000 (1.7%) revenue increase, a roughly $52,000 expense increase and a $237,000 planned surplus transfer to maintenance; larger garage structural repairs will be procured as engineering completes.
The City of Charleston Finance Committee on June 4 approved Resolution 25‑49 adopting the fiscal year 2025–26 parking system budget, which staff said projects revenue to increase by about $46,000 (roughly 1.7%) and expenses to rise by about $52,000 (about 2%).
Andy Michaud told the committee that most of the revenue increase comes from leased‑lot income and stronger interest revenue. “Overall, next year, the parking system will still be operating in a surplus as it has for the last several years,” Michaud said.
Staff reported an anticipated $237,000…
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