Sydney car parking rates set to rise


Sydney City Council have released detailed income
forecasts showing that on-street parking costs are set to increase from $6 to
$7 per hour, delivering an additional $1.9 million next financial year,
alongside plans to increase revenue from car parks by up to 30 per cent to
$58.8 million in 10 years.

According to a news article, the 17 per cent increase
in parking costs are set to continue for the next decade, with Sydney City
Council placing a significant financial emphasis on car-related revenue. This
comes as the revenue from parking fines dropped by $3.5 million, due to
‘increased compliance and increased use of public transport’ by motorists.

The new proposal will result in benefits for those driving
hybrid vehicles, with preferential parking fees for eco-friendly vehicles at
parking stations and on Sydney’s streets.

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