UPDATE: Perth’s controversial parking levy has generated an astonishing $32 million for the State in just three months, raising urgent concerns among commercial property owners about transparency and spending. New figures from the Department of Transport reveal that the levy is on track to accumulate $128 million this financial year—double the initial forecast of $64 million.
Critics, led by Property Council WA executive director Nicola Brischetto, are demanding that the State Government accelerate spending from the fund. “Those funding the levy are in the dark about how, or if, the money will be spent,” Brischetto stated. She insists that the government needs to “get serious” about allocating these funds effectively.
The annual report indicates a closing balance of $163 million in the parking fund this year, down $20 million from last year. As the financial year progresses, stakeholders are questioning the rationale behind investing in the inner-city when the objectives remain unclear.
Dr. Courtney Babb, a Curtin University expert, has pointed out that Perth’s parking policy, established in 1999, significantly differs from those in other capital cities. She notes that it needs a clearly articulated spending plan to attract further investment into the Perth CBD. “The Perth Parking Levy should be used for improvements to the heart of our city, not to pad out the State Budget,” Babb added.
Tensions between the City of Perth and the State Government over the levy’s use have a long history, dating back to a contentious dispute in 2009. The State’s auditor-general’s report from 2023 highlighted the pressing need for better planning and consultation regarding the levy’s allocation.
As Lord Mayor Bruce Reynolds emphasized this week, “Perth is in an unprecedented period of growth,” making it crucial to balance strategic initiatives that support local, State, and Federal priorities. The ongoing lack of clarity risks undermining the confidence of those investing in the city.
With Perth’s parking levy now under scrutiny, stakeholders are calling for immediate action to ensure that funds are utilized effectively. The community deserves to see tangible benefits from their contributions, rather than an accumulation of cash that sends a negative message.
As the situation develops, residents and business owners are urged to stay informed. How the State Government chooses to respond could significantly impact Perth’s future growth and development. The demand for transparency and effective spending has never been more urgent.
