The City of Norfolk’s Parking
Division is an Enterprise Fund, which falls under the
Department of Finance and
Business Services. All parking revenue collected remains within the Parking
Enterprise Fund to cover the operating, maintenance
and capital costs incurred by the Parking System.
The City uses many methods of financing
the services it delivers to Norfolk citizens.Some services, such as police and fire, are supported
by citizens through taxes paid to the General Fund.Other services are financially supported by the
users.Parking
is one of those services supported exclusively by drivers
using garages, surface lots and shuttles.
Since this operation is self-supporting, adequate
fees must be collected to cover the operating, maintenance
and capital costs incurred by the Parking System.
