Revised parking meter deal saves taxpayers money - New York News

Revised parking meter deal saves taxpayers money

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CHICAGO (FOX 32 News) -

On Thursday, Mayor Rahm Emanuel said that the settlement agreement on the 75-year parking meter deal saved the city from having to pay an extra 34-million in its first year.

Without inflation, the settlement will save taxpayers from having to pay an additional $2-billion over the lifespan of the deal with city parking meters.

Free Sunday parking and the new pay-by-cell program are also included in the agreement.

“These audited financial statements are proof that the settlement negotiated by this administration had real value, and that not one tax dollar is being paid that doesn’t need to be paid. Because of this agreement, motorists now have the advantage of free Sunday parking in the majority of the city, and soon will be able to enjoy the new pay-by-cell technology, and taxpayers will know that a very bad deal has been made a little less bad,” said Mayor Emanuel.

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