According to Lafayette Administrative Services Director Tracy Robinson, who spoke to the city council on Oct. 10 about a potential parking meter rate increase, the Parking Fund currently has a negative fund balance of $440,000.
In her staff report, Robinson noted that in FY18-19, the last full `pre-pandemic' year, net parking revenue was $158,000, but in the last three years, net parking revenue has been negative. "The Council should consider raising the parking meter fees to recoup those losses or at least break even over the next five years," she stated in her report.
Robinson noted that parking meter revenue does not go into the General Fund, but instead is used to purchase additional parking in the downtown, such as Oakbridge, 949 Moraga Road.
During discussion, Robinson stated that "it would make sense to have a conversation with the Chamber and there are some other issues we would like to discuss."
The city council voted 5-0 directing staff to return with a resolution to increase the parking meter rates to $2 per hour.
In her staff report, Robinson noted that in FY18-19, the last full `pre-pandemic' year, net parking revenue was $158,000, but in the last three years, net parking revenue has been negative. "The Council should consider raising the parking meter fees to recoup those losses or at least break even over the next five years," she stated in her report.
Robinson noted that parking meter revenue does not go into the General Fund, but instead is used to purchase additional parking in the downtown, such as Oakbridge, 949 Moraga Road.
During discussion, Robinson stated that "it would make sense to have a conversation with the Chamber and there are some other issues we would like to discuss."
The city council voted 5-0 directing staff to return with a resolution to increase the parking meter rates to $2 per hour.
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Lamorinda Weekly, Moraga CA