Report of the Chamberlain.
The Committee received a report of the Chamberlain on action taken in respect of any deficit or surplus in the City of London’s On-Street Parking Account for the financial year 2018/19.
An Alderman questioned why an increase in income of more than 50% was forecast for next year yet the same figure was down over the next three years. The Chamberlain reported that income had dropped in 2019 following a ‘spike’ in 2018 with the introduction of the Bank on Safety scheme. As compliance with this increased, the related income decreased. The same pattern was now predicted in relation to the Beech Street Zero Emissions Zone. This information was detailed within paragraph 11 of the report. A Member commented that any increase in income attributable to fixed penalties was undesirable and that Officers should look to minimise these.
RESOLVED – That Members note the contents of the report for their information before submission to the Mayor of London.