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Fort Lee Parking Authority adopts operating and capital budget amendments for 2025
Summary
The board approved amendments to the 2025 Operating and Capital Budgets, reallocating revenues and increasing capital funding for vehicle purchases and meter upgrades. Amendments were approved unanimously during the Dec. 9 meeting.
The Fort Lee Parking Authority voted Dec. 9 to amend its 2025 Operating Budget and 2025 Capital Budget. For the operating budget (Resolution 2025-79) revenue adjustments included permits reduced to $900,000 (from $1,200,000), fines/penalties to $270,000 (from $357,500), and other residential operating revenues increased to $487,500; appropriations were adjusted accordingly, including yearly contracts increased to $400,212.
Resolution 2025-80 amended the capital budget, increasing total funding sources from $95,000 to $285,000 and reallocating capital outlays with Auto/Truck rising to $239,000 and Meter outlays to $46,000. Mr. Goncalves discussed both resolutions and the board approved them unanimously.
