The City of Georgetown is projecting an annual income of $2.9 billion in 2017, with just over 4% or $120 million, coming from fees paid by citizens to park within the city.
In fact, according to the city’s proposed budget for next year, fees paid to the city from the implementation of the controversial parking meter contract is projected to be the lowest earner of revenue aside from the $24 million central government subvention.
When the Mayor and City Council of Georgetown met on Wednesday to discuss the proposed budget for 2017, the media was blocked from covering the meeting. Stabroek News has, however, been able to read a copy of the document presented to councillors by the city administration, led by Town Clerk Royston King.
