Parking program budget shows operating shortfall; residential-permit startup would need dedicated funding
Staff said the district expects parking operations to cost about $200,000 in the first full year with $120,000 in ticket revenue projected; license-plate recognition and a vehicle were not purchased this year and the residential-permit program would require up-front consultant and Coastal Commission costs.
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The district's parking program is still in startup mode, staff said, and the first-year operating picture shows costs exceeding ticket revenue. Jonathan summarized projected figures: approximately $200,000 in expenses with $120,000 in expected ticket revenue and a planned draw of $80,000 from the parking reserve to close the gap.
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