New Hope Borough parking rates will be going up for the first time in 18 years, from 25 cents to 50 cents for each 20 minutes. The increase, which has been under review for over a year, was approved by borough council at its July 28 public meeting.
“We had been considering a rate increase to fund needed streetscape improvements, but the coronavirus has disrupted those plans,” according to the parking committee. “The pandemic has caused unforeseeable hardship for all the local merchants, as well as for the borough. Our council decided it was prudent to move ahead with this long-discussed parking increase to protect the basic services that our residents depend upon.”
The borough has not raised taxes in over five years, and this parking increase should help raise much needed funds.
The new rates remain substantially lower than private lots and other parking options in the region, the committee said. The change took effect on Aug. 1, and will apply to the [newhopeborough.org/250/Parking] New Hope Borough public parking kiosk system.
Private lots within the borough set their own rates and are not part of the kiosk program.