UNIVERSITY of HOUSTON Parking and Transportation Services (PTS)

advertisement
UNIVERSITY of HOUSTON
Parking and Transportation Services (PTS)
FY2014 and FY2015 PROPOSED PARKING PERMIT RATE INCREASE
Recommended by the Transportation and Parking Advisory Committee (TPAC)
TPAC has recommended across the board parking rate increases for both Faculty/Staff and
Students of 9.5% in FY2014 and 5% in FY2015. These increases are necessary to offset the
increase in PTS Debt Service expenditures and to increase funding for campus parking lot and
street repairs.
Since 2007 there has been a steady increase in enrollment (over 6,000 students) while at the
same time 2,862 parking spaces were lost to UH building projects and an additional 500 spaces
being lost to the METRO light rail construction.
To reduce the growing gap between parking supply and demand UH has built four parking
garages totaling 6,690 parking spaces. These garages are funded by bonds and PTS is
responsible for the annual debt service payments. In FY2005 debt service was 0% of the PTS
budget but in FY2014 it is projected that debt service will make up 52% of the annual budget.
The growing debt service expense has been funded through the increase in parking permits and
by reducing the funding available for campus parking lot and street repair. Repair funding has
been reduced as much as it can so any additional debt service expense must be funded solely
through an increase in parking permits
The chart below shows the proposed parking rates and dollar amount increase for FY2014 and
FY2015.
FY 2014
FACULTY/STAFF
PERMITS
Economy
Economy Plus
Covered
Reserved
Gated Annual
Gated Semester
Ungated Annual
Ungated
Semester
Garage Annual
Garage
Semester
FY 2015
Rate
$95
$140
$992
$709
$474
$284
$265
$
Increase
$9
$12
$86
$62
$41
$25
$23
Rate
$99
$147
$1,042
$745
$497
$298
$278
$
Increase
$4
$7
$50
$36
$23
$14
$13
$159
$628
$14
$54
$167
$659
$8
$31
$377
$33
$396
$19
FY 2014
STUDENT
PERMITS
Economy
Economy Plus
RHE Annual
Fall/Spring
Semester
Summer Permit
Handicap
Motorcycle-New
Garage Annual
Garage
Semester
FY 2015
Rate
$95
$140
$395
$257
$154
$60
$234
$50
$441
$
Increase
$9
$12
$34
$22
$13
$5
$20
$50
$38
Rate
$99
$147
$415
$270
$162
$63
$246
$53
$463
$
Increase
$4
$7
$20
$13
$8
$3
$12
$3
$22
$264
$23
$277
$13
These graphs illustration the change in Student Enrollment, Parking Lost to Construction, and
the increased burden Debt Service has had on parking expenditure.
Related documents
Download