Question: Can you review the current fee structure for parking permits on City streets and what revenue those permits generate? How does that fee structure compare with neighboring jurisdictions? Have we considered and what would be the impacts of increasing parking permit fees by vehicle weight and what estimated additional revenues would that generate? (Councilmember Bagley)
Response:
The yearly revenue generated from Residential Parking Permits (RPP) in restricted parking districts is approximately $430,000 over the past three years. The current fee structure does not account for vehicle weight. Below is a comparison of the fee structures of the City and neighboring jurisdictions.
Currently, the estimated number of RPP vehicles stands at 10,100, with 4,600 exceeding the U.S. Environmental Protection Agency (EPA)’s average vehicle weight of 4,094 pounds. If an additional fee is levied on vehicles over this weight, the City can assume a revenue increase of $9,000 for a $2 increase; $23,000 for a $5 increase; and $46,000 for a $10 increase.