City councils to earn over €51m from parking fees

IRELAND’S major cities expect to earn in excess of €51 million in car parking fees this year – a figure of almost €1m every week.

With cash-strapped local authorities owed in the region of €500 million by developers in development levies, rent and rates arrears and unpaid refuse charges, car parking fees offer a much-needed and valuable source of revenue.

According to figures from the local authority budgets for 2010, Ireland’s main centres will earn in excess of €51m in parking fees alone.