Over the last four financial years to 30 June 2020, Pay Parking on Council land has generated $8,962,600 (after costs of operating the scheme have been paid). This has been able to be invested in important projects, services and activities across the Shire.
In February 2018, Council resolved that:
- 50% of the income (after costs) is to be spent on projects in Byron Bay
- 50% of the income (after costs) is to be used to fund shire-wide projects as a way to equitably distribute the funding to address impacts on infrastructure from tourism.
Each year Pay Parking money goes towards many projects but it is just one part of a 'bigger funding picture' that is made up of many different types and sources of funding.
Council takes the Pay Parking money and uses it to try to access more funding. Grant programs usually have a requirement for 'matching funding', which is commonly 50% of the project cost. Without 'matching funding' Council is not eligible to apply for the grants but with Pay Parking, Council can use pay parking money as the base and add grant funding on top, 'growing', and often doubling, the amount money available for projects.
The projects and services funded from Pay Parking money are shown in the tables below by financial years. This information shows just the part that was funded from Pay Parking money and it does not show the total costs of the projects and services.