New Yorkers will soon be paying more for a place to put their car. Mayor Bloomberg’s latest budget includes a proposal to increase rates at parking meters, along with an expansion of the red light camera program. Parking rates below 86th street in Manhattan would rise from $2.50 to $3.00 an hour, meaning that a quarter would but five minutes instead of six. In the rest of the city and at municipal parking lots, the rates would rise from $0.75 to $1 an hour. The change would raise $20 million in 2012, and $25 million after that. The other component of the proposed budgetary boost, installation of additional red-light cameras, is subject to oversight by the state, since Albany controls where red light cameras can be installed. But the proposal seeks to capitalize on “unused potential,” by simply adding cameras facing the opposite direction at 20 intersections that already have cameras approved by the state.
A Minute Less For Your Quarter