(93rd in a series of posts on parking)
Let’s look at the “pro forma” presented at the July 2 City Council meeting to support the BPA’s ability to carry a private loan for construction of the $16.8m Polk Street Garage.
BPA Presentation – 7-2-19 – City Council – DRAFT
Here are some of the things that Gadfly’s thinking about browsing the document:
- Note two “scenarios”: 1) the financial bottom line with an increase in fines in tandem with the increase in meter rates that occurred in January and 2) the financial bottom line without an increase.
- The rather surprising conclusion is that the fine increases are not necessary to service the private loan debt.
- One wonders, then, how strongly the BPA will push for the proposed increase in the fine structure.
- The BPA indicates it will push for the fine increases for “policy” reasons — there is an industry standard for the relationship between meter rates and fines and higher fines help increase curbside turnover that is good for business.
- Logically, commonsensically, violations need to incur a substantial financial penalty to do their work.
- But, again, the fine money is not needed for the loan.
- Parenthetically, Gadfly has sensed no hue and cry among the parking populace about the 50% rise in meter rates January 1 nor has there been dire catastrophe, as predicted, in the past six months from not raising the penalty rates.
- As far as Gadfly can tell, the public has been comfortable with the rise in meter rates and would presumably be so with a rise in fines.
- Which is not to say that those with budget oversight should ignore the situation.
- Focus on line 31 “Parking violations — total” in both scenarios and focus on column 4 — 2021 — the probable first year of PSG operation.
- In scenario 1, with a fine increase the revenue is $1,494,638.
- In scenario 2, without a fine increase the revenue is $1,450,296.
- The difference is $44,342.
- Barely a blip in an estimated revenue budget that year of $7,396,635.
- On p. 73 of the Desman Parking Study, we find that raising the fine structure would have an “Estimated Revenue Impact: $400,000 annually.”
- How does that square with $44,342?











(The latest in a series of posts relating to the environment, Bethlehem’s Climate Action Plan, and Bethlehem’s Environmental Advisory Council)
Gadfly,
Many local businesses are already taking steps by using bio-degradable take-away containers and brown paper bags, which can be recycled with flat board (non-corrugated cardboard that tears brown and grey). Voluntary action by business owners is an excellent step, and CM Reynolds is spot on about going different routes to circumvent the state legislation.
I always thank a business for taking these steps so that they know that I appreciate their efforts and its impact on the environment.
Dana