Earlier this week, a group of state legislators floated an idea that would end one of the most costly public subsidies in New York City: free on-street parking.
Tucked into the State Senate's budget proposals is language that would allow the City to charge a maximum of $30 per month for a "residential parking permit." The goal, according to the Senate's Deputy Majority Leader Michael Gianaris, is to give the City a way to raise hundreds of millions of dollars to fund the MTA.
Earlier this year, Governor Kathy Hochul asked the City to pony up $500 million in additional transit funding as part of her budget proposal, but so far, Mayor Eric Adams has refused. So the State Senate thought: Why not make drivers pay for it? After all, this is the basic idea behind the congestion pricing plan being implemented next year.
"The problem we have that necessitates a residential parking system is that people from outside the area are coming in and clogging up the streets with their cars. And the whole point is to discourage those people," Gianaris told Hell Gate. "If this is something that will help communities throughout the city, and raise money that the MTA desperately needs, it seems like a win-win."