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Park Norwalk reports January revenue hit from storms; maritime garage singled out for losses
Summary
Staff told the Park Norwalk commission that two major snowstorms and related declared emergencies produced a net operating loss for January, while year-to-date balance remained healthy; maritime garage underperformance and changing payment trends were discussed.
Park Norwalk staff presented an updated operations and financial report at the February meeting, saying January revenues were materially affected by two major snowstorms and declared emergencies.
Ravi, who led the report, said the storms reduced transient and meter revenue and produced a net loss for January, though year-to-date fund balances remain healthy. He told the commission the authority will revisit the 2026–27 budget to reflect rising group health insurance…
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