Record  Record Cincinnati City Council Items
 Item #: 201500856 Get Documents
 Calendar Date: 12/06/2017
 Sponsors: BUDGET AND FINANCE COMMITTEE
 Status/Recommendation: SUNSET
FILE

Pending Sunset
 Description: MOTION, dated 06/10/2015, submitted by Councilmember Flynn, WE MOVE that the following measure be implemented as part of the FY 2016-2017 ALL Funds Capital and Operating Budgets. Parking System Facilities Fund Revenue Reclassification and Reallocation. WE MOVE that a new on-street Parking System Fund be created, separate from the off-street fund currently in existence. All revenue generated from parking meter receipts, as well as all revenue received from tickets issued for on-street parking violations be transferred to the On-Street Parking System Fund. In addition all capital and operating expenses related to on-street parking shall be transferred to the On-Street parking System Fund. WE FURTHER MOVE that the Administration transfer $750,000 in incremental revenue from the moneys generated in FY 2015 as a result of the increased costs, hours and enforcement and an additional $650,000 in FY 2016 be transferred to a restricted fund for the purposes of operating the Cincinnati Streetcar in accordance with Council directive as previously established via Council Item No. 201401368. (STATEMENT ATTACHED)