Item - 2019.BU2.3

The Budget Committee:

1.  Deferred the consideration of item BU2.3 to the February 13, 2019 meeting of the Budget Committee along with the following motion:

Motion 2 by Councillor Brad Bradford:

"That City Council request the Toronto Parking Authority Board to request the President, Toronto Parking Authority to report to Budget Committee on the following for consideration prior to the 2020 Budget Process: 

1. ridership changes at Bike Share stations directly adjacent to the Richmond/Adelaide and Bloor St W bike lanes, from before implementation to implementation.

2. the feasibility and financial impact of extending Bike Share travel times from 30 minutes to 45 minutes for annual members."

2.  Requested budget briefing notes as follows:

1.  The President, Toronto Parking Authority on:

a.  an explanation for the "Service and Rent" expenditure rise from $32.8 in 2018 to $57 million for 2019, and for why "Other Expenditures" (previously containing between $21-23 million for 2016-2018) is currently blank; and

b.  in consultation with the General Manager, Transportation Services, on the metrics of the discounts given as part of the King Street Pilot and whether these incentives continue to be necessary. 

2.  The General Manager, Transportation Services and the Chief Planner and Executive Director, City Planning on data to assist City Council with reviewing whether Toronto Parking Authority discounts are still necessary.

The City Manager and Chief Financial Officer and Treasurer have submitted recommendations for the 2019 Recommended Operating Budget and 2019 - 2028 Recommended Capital Budget and Plan for Toronto Parking Authority.

At its meeting on November 26, 2018, the Board of Directors of the Toronto Parking Authority considered Item PA16.3 - Bike Share Program Financial Considerations.