parking meter

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Plan to Move Millions From Parking to City’s Reserves

Aldermen are expected to approve the deal.

June 07, 2018 - 5:04 pm

ST. LOUIS (KMOX) - After a recent court ruling that found the St. Louis Parking Division can't keep all the money it makes, there's a plan to move millions of dollars from parking into the city's general revenue reserve fund.

City Treasurer Tishaura Jones, who oversees parking, has agreed to transfer $10 million to the reserve fund, plus $800,000 to restore planned cuts to neighborhood stabilization officers, and another $250,000 to pay for new city tow trucks. 

The move “protects my staff from petty political attacks, and it also helps the city shore up its reserve funds in order to improve its long-term fiscal health," Jones said in a statement.

Aldermen are expected to approve the deal.  

Jones says no jobs will be cut from her staff. 

This story has been corrected to reflect that funds would be transferred to the city’s general revenue reserve fund, not the general revenue fund.