"The Center for an Urban Future think tank has estimated that increasing the number of parking meters in the city could yield up to $1.3 billion dollars a year. The study argued that 750,000 additional parking spots would need to become metered to rake in the dough and also help relieve congestion."
"Like the Mayor's proposal to hike our property taxes, this is just another way to shakedown outerborough working and middle class households, who need cars to get around because they don't have adequate transportation options."
"This is a money grab to pay for the free items that are promised, and as usual, at the expense of the poorer neighborhood!"
New York City's administration is exploring metered parking conversion as a potential revenue source to address a $5.4 billion budget shortfall. First Deputy Mayor Dean Fuleihan acknowledged the proposal needs discussion but cautioned it won't solve the entire deficit. A think tank estimates that metering 750,000 additional parking spots could generate $1.3 billion yearly while reducing congestion. Currently, only 25% of the city's 3 million street parking spots are metered. The proposal has faced significant backlash from residents and outer-borough politicians, who argue it disproportionately targets working and middle-class households lacking adequate public transportation alternatives.
Read at New York Post
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