Skip to Content
Streetsblog New York City home
Streetsblog New York City home
Log In
Parking

$100 for a Year’s Worth of Parking

A new report [pdf] from the New York City Independent Budget Office explores the idea of a residential permit parking program:

Under the proposal, permit parking zones would be created in selected areas of the city. Within these zones, only permit holders would be eligible for on-street parking for more than a few hours at a time. Permits would be sold primarily to neighborhood residents, although they might also be made available to nonresidents and to local businesses. IBO has assumed an annual charge of $100, with administrative costs equal to 20 percent of revenue.

Opponents might argue that it is inherently unfair for city residents to have to pay for on-street parking in their own neighborhoods. Opponents also might worry that despite the availability of public transportation or off-street parking, businesses located in or adjacent to permit zones may experience a loss of clientele, particularly from outside the neighborhood, because more residents would take advantage of on-street parking. Some opponents may note that in cities and towns that already have residential permits, it appears to have worked best in neighborhoods where single-family homes predominate.

The report claims that two million dollars will be generated the first year of the program, but it fails to mention $46 million in parking revenue that could be reaped if government workers didn't park for free.

Stay in touch

Sign up for our free newsletter

More from Streetsblog New York City

Adams Backs Lower Speed Limits, Calls Crashes ‘Accidents’

The mayor wants New York City drivers to "slow down," but it's not clear yet how many streets will get lower speed limits.

May 8, 2024

Wednesday’s Headlines: Trump Posts About Congestion Pricing Edition

Donald Trump comments on congestion pricing — no surprise, he's against it. Plus more news.

May 8, 2024

DOT Aims to Build First Ave. Tunnel Bike Lane Before September’s UN General Assembly

DOT hopes to have the concrete-protect tunnel bike lane installed this summer, but its exact plans are still in development.

May 7, 2024

Waste Reforms Could Require Data on Crashes, Dangerous Driving

The proposal affects at least one trucking company with a deadly driving record.

May 7, 2024

When it Comes to Federal Infrastructure Grants, Size Does Matter

Cities and municipalities with larger budgets and staff are more likely to win competitive federal infrastructure grants, the Urban Institute has found.

May 7, 2024
See all posts