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On-Street Parking Rates Going Up?

Posted By: David Woodard · 6/20/2012 3:21:00 PM

The fees for on street-parking could go up an average of 11% if city council approves a parking authority proposal at councils July meeting.

The Toronto Parking Authority is hoping to increase charges to about 10-thousand parking spaces across the city, raising fares anywhere from .25 cents to .50 cents per hour.

The authority claims inflation in Toronto has risen 10% since 2007, the year the rates last changed.

The rate increase would generate and extra $4 Million a year.  The city received $42 Million from the authority last year.

Council will debate the report at the July 10th and 11th meeting.

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