Motorists escape Docklands parking fine predictions

Motorists escape Docklands parking fine predictions

The City of Melbourne had hoped to issue nearly twice as many parking tickets in Docklands last financial year.

It fell $733,771 short of its projected earnings from parking fines but says it will revise down its targets for this year.

The council had expected to collect $1.547 million in 2008-09 but raised only $813,000.

The chair of the council’s Finance and Governance Committee, Cr Brian Shanahan, said it was difficult to accurately predict how many fines would be issued, as Docklands was a new and growing precinct.

“We have revised the budget forecast as part of the Five Year Finance and Infrastructure Plan which projects $840,000 in parking fine revenue for financial year 2009-10,” Cr Shanahan told the Docklands News.

The council also collected $438,542 less than expected in rates in 2008-09 due to lower supplementary valuations.

Overall, the council says it made a surplus of $1.399 million from its Docklands activities (against an estimated budget of $14.518 million), due to better than expected performance in capital contributions, building fees, hoarding rentals and recoveries.

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