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PARKING ENTERPRISE FUND <br />11 <br />The proposed FY 2025 -26 budget for the Parking Enterprise fund is <br />balanced <br />This is based on a proposed ordinance, subject to City Council approval, <br />that is currently under development and expected to return in July <br />A three -year phased approach is planned, which includes changes to: <br />•Hourly rates at parking meters <br />•Rates for City -owned parking structures <br />•Grace period