Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Finance committee reviews parking fund: revenues up, Ocean Gateway loss noted
Summary
The City Council Finance Committee heard a presentation on the parking department budget, which shows modest expense growth, increased monthly garage rates and a revenue loss at Ocean Gateway tied to a lot conversion to park space.
The City Council Finance Committee on May 8 reviewed the parking department's proposed fiscal-year budget and heard officials say revenues are modestly higher while some costs and one large revenue loss are driving changes.
John (last name not specified), the parking division director, and former director Pevarada presented the budget. “Budget doesn't have any real excitement to it this year. No highs, no lows,” Pevarada said, noting total parking expenditures are nearly flat and that “total expenditures are only up 0.35%.”
Committee members were told department revenues are up about 1.42% year over year but that the Ocean Gateway lot will produce about $362,000 less revenue than in FY25 because that…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
