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Austin on-street parking rates will nearly double starting this month

Austin on-street parking rates will nearly double starting this month

City of Austin parking meter
Parking costs are nearly doubling.  Photo courtesy of ParkX

KVUE — The City of Austin announced Monday that on October 14, Austin Transportation will implement the $2 per hour citywide parking meter base rate City Council approved in the Fiscal Year 2019-20 Budget.

The new base rate will apply to all City of Austin metered, on-street parking spaces.

According to the city, the street parking system is designed to promote space turnover, which provides convenient short-term access to places of interest.

This will be a price hike from the current rates of $1.20 per hour in the downtown core and $1 per hour outside of it. Because of the current rates, Austin Transportation staff have routinely observed drivers exceeding parking time restrictions, the City of Austin said.

According to the city, the observations from the Austin Transportation staff align with those documented in the Downtown Austin Parking Strategy, released by the Downtown Austin Alliance in 2017.

"The rates do not match the level of demand or patterns of behavior," the report states. "On-street prices are lower than off-street prices. There is a direct incentive for drivers to circle and hunt for the best deal."

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To read the full story, head to KVUE.