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Annual On-Street Parking Accounts 2017/18 and Related Funding of Highway Improvements and Schemes

Report of the Chamberlain.

Minutes:

The Committee received a report of the Chamberlain informing Members that the surplus arising from on-street parking activities in 2017/18 was £14.523m, a total of £4.664m was applied in 2017/18 to fund approved projects and that the surplus remaining on the On-Street Parking Reserve at 31st March 2018 was £29.980m, which will be wholly allocated towards the funding of various highway improvements and other projects over the medium term.

 

RESOLVED – That, Members note the contents of the report for their information before submission to the Mayor of London.

Supporting documents:

 


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