Issue - meetings

RESOLVED – that for now, no increase in car parking pay and display charges be proposed for the 2012/13 budget, subject to further review in September 2012, taking into account, the VAT increase yet to be included in the charging regime, inflationary pressures and the outcome of the impending Transport and Parking Strategy.

The Executive Member for Planning Policy and Economic Development submitted a report on car parking pay and display charges for 2012/13.  He referred to the need to balance the needs of the retail economy, town centre workers and the pressures on the Medium Term Financial Plan (MTFP).

The Executive was reminded that charges had not been increased in 2011/12 and that the 2.5% VAT increase in January 2011 had not been passed on, thereby resulting in a reduction of income.  He also commented that the MTFP had budgeted for inflation at 2%, when in fact the current rate was running at 4.8%. 

The Executive Member also reminded Members that the Transport and Parking Strategy would be completed shortly and reported to Members in spring 2012.  Therefore, given these factors, he proposed no increase in charges for now, but that further consideration be given in September 2012.

In response to questions, the Leader emphasised that, given the current budgetary shortfall and the factors detailed by the Executive Member, there would be a need to review and perhaps increase charges in September 2012.

Various Members expressed support for this proposal.

The Executive approved the proposal now detailed.

RESOLVED – that for now, no increase in car parking pay and display charges be proposed for the 2012/13 budget, subject to further review in September 2012, taking into account, the VAT increase yet to be included in the charging regime, inflationary pressures and the outcome of the impending Transport and Parking Strategy.