February 5, 2007
University parking rates increase
On Feb. 1, Emory University's parking rate increase went into effect. The new annual cost for faculty and staff is now $600 year, an increase of approximately $25 per month over the previous parking rate.
In order to decrease each employee's parking costs (via a tax benefit), the University strongly encourages parking permit holders to take make these payments through pretax payroll deduction. This option provides tax benefits for employees. Payment by payroll deduction will be required beginning in 2008.
Special reserved parking spots, including the president's senior staff and other academic and administrative leadership who have reserved parking, will increase to $1,500 per year. Student rates will increase to $624 per year, effective Sept. 1, 2007.
In order to mitigate the increase in parking rates for those University employees who make below $40,000 per year, the University is offering a transitional subsidy. University employees who qualify for this subsidy have been contacted directly with details.
University employees who have questions regarding the parking rate change should refer to a series of Frequently Asked Questions on the Transportation Services Web site www.epcs.emory.edu/alttransp/index.html or contact Bill Collier, director of Parking Services, at 404-727-1868.