01/22/2013 04:36 pm ET

Chicago Parking Meter Rate Hike Delayed A Month

For the past three weeks, Chicago drivers have unknowingly been enjoying a reprieve from paying America’s highest parking meter rates.

That’s because none of the city’s more than 4,100 parking meter pay boxes have been changed to reflect the higher rate which officially went into effect on Jan. 1.

That means city parkers, who are still paying the 2012 rate, have collectively saved close to $900,000, based on past monthly revenues generated by the meters.

Read more on The Expired Meter