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Metra commuters will soon pay more to park
ELBURN—Metra commuters will soon see an increase in their daily parking rate to cover the costs of maintaining the parking lot.
“We’re spending more money there than we’re taking in,” Village President Dave Anderson said during the Committee of the Whole meeting on March 3. “We’ve been over-extended for a long time.”
This year’s snow accumulation has also greatly added to the village’s expenses, with the village paying an estimated $43,000 this year to pay for snow removal. This amount was significantly more than the budgeted amount of $15,000.
Although the commuter parking fund is still projected to begin the new fiscal year with a $74,000 cash balance, projected revenues of $90,000 for the coming year are less than projected expenses of $103,000.
In addition, Public Works Superintendent John Nevenhoven said that the blacktop on the eastern end of the parking lot needs to be replaced.
Nevenhoven provided the board with an estimate of $253,330 to replace the 13,300 square yards of blacktop designated for replacement. He said it comes out to about $19 per square yard to remove and replace 2 inches of asphalt for the targeted area.
“Expenses for this year are higher than revenues,” Village Finance Director Doug Elder said. “It has been like this for the last couple of years. Eventually, you’ll use up any surplus you have, and that will be painful if that happens.”
Anderson said that letters had already been sent to residents regarding the increase in rates.
“Now is the time,” he said.