The Philadelphia Parking Authority will formally announce today that it has transferred $6.6 million more to the city's general fund and the School District of Philadelphia then it did last fiscal year, thanks to cost-cutting spurred in part by Inquirer and Daily News reports that documented wasteful spending at the state-run agency.

The authority has sent $25 million to the city's general fund, $2.2 million to the cash-strapped School District and $33.1 million earned from airport parking lots to the aviation fund. Federal law requires airport parking profits be used to help defray the expense of running the airport.

The meeting is open to the public, and it begins at 11:30 a.m. at the authority's headquarters at 3101 Market Street.