Revenue from parking meters in Old Pasadena went down 21 percent in the one-year period ending June 30, compared to that of the same period in 2020, the Pasadena Department of Transportation said.
Data gathered by the department through the end of June showed revenue will end at 36%, or $735,000 below budget, still impacted by restrictions that were implemented in Pasadena in accordance with the state’s Safer at Home orders.
The same data showed parking meter revenue was increasing in July to September last year, and decreased from October through January this year. From February through June, parking meter revenue has been on the uptick, the Transportation Department said.
The department said they will continue to monitor revenue, but added they do not anticipate this would return to pre-pandemic levels in 2022.
Details of the report will be discussed Thursday before the Old Pasadena Parking Meter Zone Advisory Commission (OPPMZAC), which meets at 11 a.m. via video conference.
A preliminary report prepared for the meeting showed expenses – mostly in operations and meter replacement – were 12%, or $233,000 below budget.
As recommended by the OPPMZAC, the city approved a $200,000 release in July and October 2020 to help Old Pasadena restaurants with the rental of barriers for outdoor dining. The barriers were purchased recently, the Transportation Department said, and will remain in the Old Pasadena district. Staff is now requesting the City Council for reimbursement of the $200,000 to be taken from the American Rescue Plan Act, which may take some time since the recommendation will need to go through the Finance Committee for further discussion.
Looking forward, the Transportation Department anticipates the Old Pasadena Parking Meter fund will end fiscal year 2021 with a balance of $1,028,114, of which $428,114 is available to appropriate, and $600,000 will be in reserves for operations and meter replacement.
“As the public health orders are amended to allow more businesses and public facilities to re-open with less restrictions, we expect parking demand to increase and improve the financial outlook for all parking operations over time,” the department’s preliminary report said. “Until the revenue has returned to pre-COVID levels, we should continue to remain vigilant of expenses.”
The OPPMZAC meeting is accessible to the public through Zoom, at https://us02web.zoom.us/j/81590336326.