If the County Board votes in favor of the motion, meter rates will go from $1.25 to $1.50 an hour, while hours will be extended from 8:00 a.m.-6:00 p.m. to 8:00 a.m.-8:00 p.m. County transportation staff estimates the measures would generate an additional $1.6 million in combined revenue in FY 2016.
The changes would go into effect on Sept. 7, 2015.
“County fees are intended to recover the costs of the respective programs,” staff report reads. “The proposed increase in parking meter rates and the proposed extension of hours will cover more of the costs for providing, administering, and maintaining curb-side metered parking spaces than is presently the case, thereby reducing the subsidy currently being provided by General Fund revenues.”
The 181 metered spaces in the county that currently cost 50 or 75 cents an hour would not be affected by the change. Raising the rates, according to the staff report, would bring Arlington more in line with the rest of the region. The District charges $2 an hour in most locations, Alexandria charges $1.75 an hour in most spaces and Bethesda charges $2 for on-street parking, $1.25 for public lots.
If the County Board elects to extend the hours of meters and keep rates flat, it would still provide the county an extra $550,000 in revenue in the next fiscal year, which begins July 1.