Parking in Wiltshire - They Are Having A Laffer
CONTROVERSIAL increases in car parking charges by Wiltshire Council are set to result in a loss of income of half a million pounds.
Just three months after the charges were introduced the Conservative run council says fewer motorists are using the council’s car parks and is predicting a potential shortfall of income of £500,000.
The new charges, which are deeply unpopular among businesses who say trade has been affected as a result, were designed to bring in just under an extra £1.5 million in car parking revenue to the council.
Not just tax revenues that have a maximum yield.