In August of this past year the rates for parking at Pittsburgh Parking Authority garages and lots increased. There is another rate increase scheduled for August of this year.
So how have parking tax collections for the City (it levies a 37.5% tax rate on all parking transactions in the City, whether at publicly owned or privately owned facilities) compared since the rate hike? We don’t know for sure whether rates at private garages and lots increased following the rate hike by the Authority, but from August 2014-March 2015 the City collected $29.2 million in parking taxes, or about $3.653 million per month on average. Compared to the same time frame a year earlier (August 2013 to March 2014) City parking tax collections totaled $28.7 million, or about $3.599 million a month.
The highest month for collections since the rate hike was in the first month the increases took effect when the August 2014 collections were $4.650 million. Monthly totals fell to $4.064 million in December of 2014 and the most recent month of data available shows $4.460 million for March 2015.
