Big CTA parking fee hike packs a passenger double whammy
While the CTA fare hike that went into effect New Year's Day has gotten plenty of notice, the doubling of parking fees at most CTA parking garages has flown under the radar, for the most part.
Also starting New Year's Day, parking rates at garages run by the CTA doubled, generally rising to $4 from $2, depending on how long you park. It's the first rate increase in four years.
The CTA press release sheepishly informs us: "The money from the rate increases does not go entirely to the CTA. Parking taxes are collected from each transaction on behalf of either the City or County, depending on the parking lot’s location. CTA expects the rate increase will generate approximately $1 million annually."