Residents and businesses in San Francisco are bracing for an increase in parking meter rates to $1.00 per hour, driven by a projected $320 million budget deficit for the San Francisco Municipal Transportation Agency by the summer of 2026. Local resident Garrett De La Concepcion expressed frustration with the existing high costs of parking, which can reach up to $60 during events. Restaurant supervisors like Kenneth Escalante worry that increased parking expenses will deter customers and further strain their already tight budgets.
"It's outrageous. The parking situation isn't getting any better," said Garrett De La Concepcion, highlighting the frustrations of residents with escalating parking costs in San Francisco.
Kenneth Escalante, Supervisor at Cenote Restaurant, stated, "We lose a lot of customers because they can't park. It's taking too much out of our pockets."
The San Francisco Municipal Transportation Agency is contemplating an increase in parking meter rates in response to a projected $320 million budget deficit by July 2026.
Escalante noted, "It's already very expensive down here just to find any parking at all. If it's already taking a big chunk of their pocket, why?"
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