Turning Small Change Into Big Changes

Cities should earmark parking meter revenue for public improvements in the neighborhoods where it is collected, thereby creating a local interest in charging appropriate prices for curb parking. This article outlines the benefits of local redistribution of parking meter revenue, Infrastructure improvements financed through parking meter revenue can improve transportation efficiency, increase pedestrian safety, and foster economic revitalization. This policy has also been shown to increase private investment, property values, and sales tax revenues by making areas safer, cleaner, and more attractive.