Consultants forecast $1.5 million in annual revenue from the managed parking plan they developed for the downtown area.

Eight months into tripling the number of paid public parking spaces, the plan is on pace to collect less than half of what Walker Consultants projected. Information presented at Monday's Hot Springs Board of Directors parking work session showed managed parking returned $469,035 from March through October.

July was the most lucrative month, with $74,277. The $178.5 million 2026 budget the board adopted earlier this month forecast $653,000 in parking revenue.

"Those are huge variances," District 5 Director Karen Garcia told city staff Monday. "I'd like to see where those big variances are. Is it the volume? Is it the rate?"

Walker recommended charging $2 an hour, with

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