Four months after the implementation of new higher parking tariff increases, Stellenbosch Municipality is considering lowering them to the pre-increase levels, but still make millions for the council’s purse.
In a proposal, to be discussed at a special council meeting called for tomorrow, the municipality’s chief financial officer, Kevin Carolus, estimates that the parking fee revenue, based on the proposed adjusted tariffs, will be R9.3million, substantially more than the budgeted revenue of just over R4million for the year.
The current 2019/2020 parking tariffs were approved at the May 2019 council meeting but the plan to lower the tariff comes after complaints from members of the public and residents of Stellenbosch, that the CBD had become inaccessible because of the high cost of parking. The reduced parking tariffs will be in line with the previous financial year’s (2018/2019) parking tariffs.
Before the upward adjustment, the first half hour of parking was free, rising to R10 if a motorist parked for an hour, R20 for up to two hours and then going up by R5 for each hour up to nine hours. Parking for nine to 12 hours cost motorists R110, while 12 to 24 hours cost R150, and R1000 for a monthly permit.