More...
 

How The New Budget Hits Drivers

digg Share this on Facebook Huffpost - stumble reddit del.ico.us RSS

Red Eye   |  Leonor Vivanco   |   November 20, 2008 11:06 AM

Read More: 2009 Budget Chicago, Chicago Budget, Chicago Budget Drivers, Chicago Budget Shortfall, Chicago Driving Laws, Chicago Parking Laws, Daley 2009 Budget, Chicago News

Higher taxes
Parking costs have risen nationwide for the fifth year in a row--2.8 percent for monthly rates and 4.3 percent for daily rates--according to a 2008 survey by Colliers International, a global real estate services company. While the national median daily parking rate is $15.42 and monthly rate is $153.79, Chicago's rates are much higher. The city's daily average is $30 and monthly average is $310, behind only New York, Boston and San Francisco.

It's about to get even more expensive. The parking tax increases from $2.25 to $3 on daily tabs $12 and higher. Nearly $98.4 million in parking tax revenue will be collected, the city estimates, up from $87 million expected this year.

The Parking Industry Labor Management Committee, which represents operators, owners and workers of parking garages in the city, opposed the increase.

Read the whole story here.

Higher taxes Parking costs have risen nationwide for the fifth year in a row--2.8 percent for monthly rates and 4.3 percent for daily rates--according to a 2008 survey by Colliers International, a glo...
Higher taxes Parking costs have risen nationwide for the fifth year in a row--2.8 percent for monthly rates and 4.3 percent for daily rates--according to a 2008 survey by Colliers International, a glo...
digg Share this on Facebook Huffpost - stumble reddit del.ico.us RSS
 
Comments
0
Pending Comments
0
iPhone App Promo

Want to reply to a comment? Hint: Click "Reply" at the bottom of the comment; after being approved your comment will appear directly underneath the comment you replied to

View Comments:
Comments are closed for this entry

You must be logged in to reply to this comment. Log in  or  Connect