Cabinet

Agenda Item 125

Subject:                    General Fund Revenue Budget, Capital & Treasury Management Strategy 2026/27: Officer Amendment

Date of meeting:    12^th February 2026

The table below sets out a correction required to a typographical error in Appendix 3 of the report relating to parking fees. The deletions and changes required are set out in bold italics and struckthrough text.

Medium Demand (Zones C, H, J & N)
1 hour	£1.60	£2.20	37.50%	These Zones were in a Low Tariff Band, it is being moved into Medium Tarriff bands
2 hours	£3.30	£4.50	36.40%	These Zones were in a Low Tariff Band, it is being moved into Medium Tarriff bands
4 hours	£6.40	£9.00	40.60%	These Zones were in a Low Tariff Band, it is being moved into Medium Tarriff bands
6 hours	New	£11.00	N/A	These Zones were in a Low Tariff Band, it is being moved into Medium Tarriff bands
11 hours	£8.90	£14.50	62.90%	These Zones were in a Low Tariff Band, it is being moved into Medium Tarriff bands
Low Tariff (Zones A, E, F, G I, K, O, Q, R, T, V, 10, 12, C, H, J & N)
1 hour	£1.60	£1.80	12.50%	To offset lower demand in these areas for paid parking
2 hours	£3.30	£3.50	6.10%	Scaling off the 1 hour tariff
4 hours	£6.40	£6.70	4.70%	Scaling off the 1 hour tariff
6 hours	New	£7.50	N/A	New 6-hour tariff is introduced to bridge the gap between 4 and 12 hours.
11 hours	£8.90	£9.50	6.70%	Scaling off the 1 hour tariff

If approved, the charges would therefore be as follows:

Low Tariff (Zones A, E, F, G I, K, O, Q, R, T, V, 10, 12, C, H, J & N)
1 hour	£1.60	£1.80	12.50%	To offset lower demand in these areas for paid parking
2 hours	£3.30	£3.50	6.10%	Scaling off the 1 hour tariff
4 hours	£6.40	£6.70	4.70%	Scaling off the 1 hour tariff
6 hours	New	£7.50	N/A	New 6-hour tariff is introduced to bridge the gap between 4 and 12 hours.
11 hours	£8.90	£9.50	6.70%	Scaling off the 1 hour tariff