The Topeka City Council Policy & Finance Committee says the parking reserve fund could be depleted by 2027 unless changes are made. The City of Topeka is spending $22.2 million over the next three-and-a-half years to improve eight parking garages. The funding was approved in fall of 2022. Included in the renovations are updated security cameras, pigeon-proof netting, waterproofing, façade facelifts and structural improvements. In the most recent Policy & Finance meeting on Oct. 22, the city heard there is an estimated loss of $415,965 for 2024 and a budgeted loss of $454,775 in 2025. The city is now considering subsidizing parking from other revenue sources because the current forecast would see the parking reserve fund depleted by 2027.
Source: KSNT 27 News
