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Norwalk Parking Authority reports year-to-date surplus after strong permit and mobile payments; transient revenue dip linked to Washington Street restaurant and
Summary
The Norwalk Parking Authority reported a year-to-date surplus and a mixed May performance, with permit and mobile payments up while transient revenue fell after a Washington Street restaurant closed and a Webster Lot theater underperformed.
The Norwalk Parking Authority reported it finished May about 5% over budget on total revenue and that year-to-date finances show a surplus, staff said at the authority’s June meeting. Sirak, a finance staff member, told the board the authority had a year-to-date surplus of about $459,000.
The surplus matters because it gives the authority flexibility for operating and marketing activities that support downtown businesses. Sirak said, “For the month of May, overall, we…
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