Tired of seeing red, parking agency tightens
its belt
Wednesday, March 29, 2006
By JARRETT RENSHAW
JOURNAL STAFF WRITER
If the Jersey City Parking Authority was listed on the
New York Stock Exchange, investors might be advised to sell,
after
another year of record losses.
The JCPA collected just over $6 million in revenues last
year, including more than $2 million in parking fines and
the sale of a parking lot for $287,000.
Meanwhile, the agency had $6.6 million in expenses,
creating a deficit of $526,072, according to an audit. The
expenses
included $5.2 million in salaries and benefits for
103 employees, or $50,963 per employee.
That marks the third fiscal year in a row that the JCPA
has seen red when it closed its books. The 2003 budget year
saw a $266,062 deficit and the 2004 fiscal year saw a
$741,784 deficit, according to the audit.
"It's a problem, and it won't be fixed overnight," said
JCPA Executive Director Robert Dalton, who came on board
late last
year. "I was brought in to help get this place
straight, and that's what I plan to do."
Dalton promised to get the deficit to less than $100,00
by the end of the current fiscal year on June 30 through
stepped-up enforcement and booting, as well cuts in
expenses.
In just a few months, Dalton said, he has taken aim at
the agency's rising salaries and benefits, which rose to
$5.2 million last year, a roughly a 20 percent increase
since 2001, when those expenses were $3.8 million.
Dalton said the new contract negotiated with employees
includes a 50 percent reduction of pay for sick days and a
provision
that would pay employees who leave for their
unused vacation and sick time not at the rate they're
earning when they leave
but at the rate they were earning
when the time was accrued.
"We need to get a handle on the salaries and expenses in
order to get back to our mission, which is providing more
parking
in the city," Dalton said.
On the revenue side, Dalton said the JCPA plans to put
parking meters along Martin Luther King Drive and Monticello
Avenue. However, Dalton said the move has more to do with
promoting economic development.
Dalton said he hopes to put aside the $468,000 the
authority received for the sale of a parking lot on King
Drive this year to purchase property for parking.
"After all, that's the reason the agency exists," said
Dalton.