FY 1999 Permit Parking Rates: Average Increase 4.24%
For the 1998-1999 academic year permit parking fees will increase an average of 4.24%, which equates to a 69¢ per week increase in most University parking lots. The average permit rate will be $3.12 per working day and compares favorably with the minimum daily rate of $7.00 that non-permit holders currently pay in Penn's transient parking lots.
The general permit parking fee structure is responsive to the University policy requiring the Parking Program to be self-supporting. Parking income is used to reduce the construction debt on garages, finance new construction of parking facilities, cover the cost of lot improvements (e.g., structural rehab., lighting, fencing, striping), pay parking taxes and real estate rental fees, pay the salaries of attendants, and cover the cost of operating expenses (e.g., electricity, permit decals, cleaning).
University faculty and staff are encouraged to pay their parking fees in installments through automatic payroll deduction. Equal installments (twelve monthly or fifty-two weekly) will be taken from each pay issued September through August.
-- Robert Furniss, Director, Transportation and Mail Services
Almanac, Vol. 45, No. 1, July 14, 1998