Taxing Parking for Transit in Chicago

Mayor Emanuel’s proposed $2 congestion tax on downtown parking is facing stiff opposition from, you guessed it, the parking lobby. According to the Tribune, the Parking Industry Labor Management Committee is posting placards in member facilities and handing out flyers opposing the tax. The committee argues the tax will not improve traffic flow and could encourage businesses to relocate to the suburbs. Emanuel believes the tax will foster greater transit ridership and raise an estimated $28 million annually for CTA improvements. The $2 tax on parking at garages and lots in the Loop and River North will be added to the existing $3 tax that goes to the city’s general fund.