Welsh council parking ‘profits’ nudge higher
Local authorities in Wales made a combined surplus – or ‘profit’ – of £14 million on their parking activities in the last financial year.
The figure for 2016-17 was 1.4% higher than the £13.8 million surplus made in 2015-16.
The rise was the fourth consecutive annual increase.
Between them, the 22 councils in Wales had parking income of £37.4 million in 2016-17, 4.5% higher than the previous financial year.
Income includes on- and off-street parking charges and penalty charges.
Total expenditure on running parking activities was £23.4 million, a 6.4% increase on the previous financial year.
The total surplus is the difference between the income and expenditure figures.
The figures are revealed in the week that Cardiff Council announced the installation of 3,300 parking bay sensors that link to an app that drivers can use to locate free spaces.
This week it was also revealed that traffic in Wales was at a record level.