Borough Releases Parking Report

The West Chester Parking Department reviewed its annual report during Monday’s Parking Committee meeting, and the department earned nearly $ 5.8 million in revenue against almost $5.7 million in expenses for a net gain of $171,732.

In 2011 the Parking Department ended the year $76,549 under budget for a 10 percent savings to the borough.

The Bicentennial Garage generated the most revenue out of all the parking structures earning nearly $223,000.

The Chestnut Street Garage managed to cover its debt service cost, but it could not generate enough revenue to cover operating expenses resulting in a loss of $182,000.

In 2011, the parking department issued 89,315 parking citations in the Borough of West Chester.  That number increased by 8,222 compared to 2010.  That jump can mostly be attributed to the increased enforcement hours that went into effect at the beginning of 2011.

In 2011, the borough made $1.4 million from parking citations and an additional $839,000 in summons fees.

The increased enforcement of meters on Monday evenings through Saturday evenings earned additional revenue for the borough in 2011 of $339,000. 

Moving forward in 2012, parking director Xavius daSilva-Thompson recommends that the borough conduct a professional parking study. 

To read the complete report please see the attached PDF in the picture window above.