Liverpool (PRWEB UK) 30 August 2013
The study taken by the RAC and published 1st August 2013, also revealed that the huge figure was £54m greater than the previous year’s figure.
Although the entire sum is not surplus, with around £151m used for infrastructure and other repairs, it still leaves £412m sitting in the council’s coffers.
As might be expected, London areas provide some of the biggest streams of parking ticket incomes. Westminster Council claimed £41.6m surplus in 2011/2012 while Camden Council recorded £25m.
With reports suggesting that the government is considering letting motorists park on double yellow lines for a short period of time, this would see the figure potentially drop dramatically. The report can be found on the RAC foundation website: http://racfoundation.wordpress.com/2013/08/01/councils-make-half-a-billion-pounds-parking-profit/
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