May 3, 2016 11:09 AM
MANCHESTER — It could cost more to park in the Queen City this fall, if a new parking fee structure is approved later this month by city aldermen.
The Union-Leader reported on-street metered parking rates would jump from 75 cents per hour to $1 an hour in fiscal year 2017, generating an additional $350,000 in revenue. Hourly city garage rates would also climb from 75 cents per hour to $1 an hour, generating an estimated $80,000 in additional funds. Monthly parking permits would increase by $5 across the board, creating $35,000 in new revenue. Permits for parking lots such as the Millyard and the business district would also go up, from $55 to $60 and from $60 to $65, respectively.
If approved, officials estimate the fee increases could generate $675,000 in additional revenue.
Committee members voted unanimously to recommend the new parking fees to the full board of alderman, which is expected to take up the issue later this month.
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