The 85mm f/1.8 is fixed. It does not zoom. Zooms always show a range like 70-200mm.
Whether or not it would work for a recital depends on where you stand and what the lighting is. If the lighting isn't bright and you need to capture movement, having an aperture like f/1.8 is great. If you're too close, you might be too far zoomed in. If you're too far back, it might not be zoomed in far enough. Use the field of view calculator to determine how it will meet your needs. Just remember, you can cut out part of the picture if you're a bit too far back, but you can't do much if you're too close up.
The 75-300 is an ancient Canon lens and not a particularly good one. You get what you pay for. If you want a medium to long zoom and you don't want to pay a lot of money, this is an option. Just don't expect too much out of it. It's not sharp from about 200mm to 300mm. The aperture (f-stop) isn't very wide (the minimum number isn't low), so you need a lot of light to use this lens. That's especially true because you'll want a 1/500 second shutter speed or faster when you're zoomed all of the way in. If you're on that tight of a budget, I'd look at some of the Sigma or Tamron lenses. If you're not, you might want to get the newer 70-300 IS or the 70-200 f/4.0 instead.
As for shooting parades, it depends on what you want to do. These lenses are all on the telephoto side of things. That means that they make things look a good bit closer. So if you want a shot of a particular character or part of a float, they are great. If you want a shot that shows an entire float and the people around it, these lenses might not be what you want.
That's the trouble with DSLRs. You either end up switching lenses because you switch between wanting wide angle shots and closeup shots or you get a lens that tries to do it all and you sacrifice a lot of image quality. It's all about tradeoffs and compromises.