On February 10, the Parking and Transportation Advisory Committee of the University of Florida voted to recommend a 4 percent increase in parking decal prices for 2015-2016. The recommendation now goes to the Board of Trustees for consideration at its April 2 meeting.
The revenue generated by the increase will be applied to the engineering and preconstruction costs for a new campus parking garage. These funds will enable the university to accelerate planning and design immediately while pursuing bond financing to cover construction of the new garage. The updated 2015 Campus Master Plan identifies three potential garage locations. The university has conducted preliminary feasibility studies for each of these sites and is about to begin traffic impact studies.
According to UF Transportation and Parking Services, interest in a new parking garage is rising for several reasons:
If the proposed price increase is approved, Orange and Blue decals most commonly held among faculty and staff would increase from $318 to $330 annually, a $12 increase. For most employees who pay for their parking decals by payroll deduction, the biweekly deduction amount would increase from $13.25 to $13.75. The new pricing for faculty and staff would become effective at the start of the employee decal cycle on May 1.
The cost of an annual student decal would go from $154 to $160, a $6 increase. The new pricing for students would become effective at the start of the 2015-2016 academic year.
While UF Transportation and Parking Services respects everyone’s desire to keep parking rates as low as possible, the administration is hopeful campus will understand the need for this increase and the benefits it will provide to help better manage parking on campus.
If you have any questions or comments, please contact Transportation and Parking Services at email@example.com.