Waltham Forest in top 12 per cent of highest earning local authorities in England
A £3 million profit from parking charges and fines has been made in Waltham Forest.
A report by the RAC Foundation says the vast majority of local authorities in England generate a surplus.
Figures show Waltham Forest Council was in the top 12 per cent of highest earners in the country in the 12 months up to April 2012.
The latest figure is £1million higher than the previous year.
The biggest surpluses were found in London, with Westminster earning £41.6 million.
RAC Foundation director, Professor Stephen Glaister, said: “For many local authorities, parking charges are a nice little earner, especially in the capital.
“Not all authorities make big sums. Several run a current account deficit and indeed of those with surpluses many will see the money vanish when capital expenditure is taken into account.
“But the bottom line is that hundreds of millions of pounds are being contributed annually to council coffers through parking charges and the drivers who are paying them have a reasonable expectation to see the cash spent on improving the roads.”
The council has been approached for comment.---------------------------------------------------------------------
The council has been approached for comment.We ain't seen nuthin' yet, and neither have they.
Hmmmmm. All I can say at this stage is don't throw eggs at us and expect no consequences.
http://www.guardian-series.co.uk/news/wfnews/10585294.Parking_surplus_tops___3m/
