Democratic state lawmakers have a new idea to fund New York City’s ailing public-transit system: residential parking permits.
Donate Now, which relied on revenues from proposed casinos, contributions from New York City and a payroll tax increase to provide a jolt to the cash-strapped system’s revenue.proposed a number of different revenue streams — including a residential parking system in New York City, with all permit fees flagged for the MTA.
But it would also come with a cost: The city would be permitted to charge up to $30 a month for a parking permit. As it stands, most of the city’s roughly 3 million parking spaces are free. “It’s not unusual to hear horror stories of people driving around their own block of their home for 30, 45 minutes at the end of the night trying to find a place to leave their car,” he said.
“We all want and need a fully-funded MTA,” Brannan said. “The five boroughs already provide over 70% of the MTA’s operating budget through taxes, so I'd say New York City is paying its fair share and this just feels like cost-shifting.”an organization known as NYC Resident Parking
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