A proposal from lawmakers in the state Senate would help finance a rescue of the Metropolitan Transportation Authority by establishing a parking permit program that would charge New Yorkers to park…
The Big Apple’s already-cutthroat street parking game could get even more ruthless – if state lawmakers have their way.
They also say it could generate $400 million annually for the cash-strapped MTA, which is enough to fill roughly a quarter of the agency’s annual budget deficit – estimated to be between $1.3 billion and $1.6 billion. An entrance to the 34th street Herald Square subway station which connects MTA Transit with PATH trains.Currently, there are roughly 3 million parking spaces scattered across the city – most of which are unmetered in the outer boroughs, according to the Department of Transport.
“There is a conversation to be had about residential parking permits for certain neighborhoods, but using it as a way to balance the MTA’s budget? No,” he told The Post.Despite residential parking permits being put in place in other major cities, including Chicago, the push for a similar scheme in New York City has never taken off.
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