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Asheville council leans toward South Slope metering, asks staff for data on parking-hour changes
Summary
Council signaled support for expanding metered parking into South Slope and asked staff for more data on potential changes such as removing the first free hour and extending meter hours to 8 p.m. Staff cautioned parking revenue is constrained to the parking enterprise fund and detailed meter-hour revenue estimates and capital needs for garages and equipment.
Staff reviewed enterprise funds and described policies that generally target an unassigned fund balance equal to 8% (Harris 16%, water uses a full-year working-capital measure). Lindsey Spangler reported planned uses of enterprise fund balances and emphasized restrictions on transferring enterprise revenues to the general fund.
On parking, staff outlined options discussed previously: eliminate the first free hour…
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