If Auckland Council is able to estimate their subsidy of on-street parking, then Yarra City Council can too. Streets Alive Yarra estimates that Yarra’s annual subsidy is on the order of AU$79 million.
It’s time for the City of Yarra to:
- acknowledge that on-street parking is subsidised;
- estimate the annual subsidy; and
- publish the annual subsidy (or revenue foregone) in each annual budget, so that residents and ratepayers understand the magnitude of the opportunity for reform.