Parking rates for Burlington Vermont were approved for increase in July 2014 and expected to go into effect by October of that year.
Plans are to replace apx one third of the areas parking meters, with modern credit card accepting meters with a rate of 1.50 per hour. The city hopes the $493,000 in annual revenue will ease Burlington, VT’s depleted traffic fund. This will be used to to pay for much needed repairs for the local parking garage and improve the overall efficiency and sustainability of the parking system.
For more information click here for the full article Burlington finalizes raising parking rate by the Burlington Free Press.