San Francisco can expect to collect about $54 million a year from its parking meters, less than half the maximum potential revenue the meters could provide, auditors found in a city controller report released this week.
The maximum potential revenue that could be collected is $127 million, but the city can only expect to collect 42 percent of that due to meters that are broken or in construction zones, unoccupied meters and vehicles exempt from paying.
The San Francisco Municipal Transportation Agency collected $29.7 million in parking meter revenue in fiscal year 2005-2006.
The audit was conducted in response to a request by Supervisor Jake McGoldrick in part to determine what percent of time the meters managed by the transportation agency were occupied and if occupied spaces were paid as required.
“With the roadmap the Controller’s report provides we can implement processes to create more efficient use of our limited parking in San Francisco and more effective collection of meter revenues that will bring in significantly more money to enhance and protect Muni services,” McGoldrick said.
Bay City News