Today, New Hanover County Commissioners approved increasing the paid parking hours at the county owned parking deck on Second Street to 2 a.m. Thursday through Saturday. Currently parking is free after 7 p.m.See, this is the problem with all government revenue predictions. They don't use dynamic scoring, at least the federal government doesn't and I'd be willing to bet $5 (as long as Ron Sparks doesn't try to have me arrested) that the local government doesn't either.
Commissioners also approved increasing the all-day event parking rate from five to seven dollars. Leaders say the change will boost revenue by bringing in an approximate $112,000 a year. Of that money, $42,000 would be used to upgrade the county's parking financial software, $70,000 would go to the general fund and the rest would pay for the manpower need to cover the extra hours.
The more you tax something you less you get of it. Dynamic scoring tries to account for that, but without it you still simply predict the same economic activity, which won't happen. In all likelihood, you'll have less people parking there, so you'll probably get less revenue than predicted.