Parking Utility Revenue – 01/01/15 – 11/30/15
January 5,2015
Boyd A. Loving
Ridgewood NJ, This data was obtained via a formal Open Public Records Act request.
As you can see, discounting the insurance company settlement received in connection with the theft of funds by Thomas Rica, the largest source of line item revenue for the Parking Utility during the noted time period is cash from on street parking meters.
Other significant revenue sources include: Fees for annual parking permits, rental fees for dedicated parking at the Route 17 Park & Ride, CBD employee parking at the former Ken Smith Motors facility, metered parking at lots on Cottage Place, North Walnut Street, Prospect Street, Station Plaza, Hudson Street, and the Route 17 Park & Ride, and revenue generated from the Park Mobile smart phone application.
This data should enable you to understand why a proposed increase in metered parking rates, coupled with a extension of the time metered parking is in effect, could significantly boost overall Parking Utility revenues.
