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Council hears explanation for collapse of parking fund; enforcement to move in‑house as vendor phases out
Summary
City staff told council the parking enterprise fund has run in the red for several years, prompting dissolution into the general fund; parking enforcement will transition from an outside vendor to police department staff over coming months.
City finance and operations staff told the City Council that the long-running parking enterprise fund has operated at a deficit for several consecutive years and is being dissolved into the general fund, with most parking functions redistributed to Police and Public Works.
Staff said the decision results from an unsustainable pattern of negative fund balances and the practical reality that the department could no longer sustain separate fund accounting for parking operations. The budget presentation shows a $17.3 million reduction in the…
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