The Tel Aviv-Jaffa Municipality will raise parking fees at municipal parking facilities by 20% beginning August 1, Kan News reported on Monday.
The increase will apply to parking lots operated by Ahuzot HaHof, a company wholly owned by the municipality that manages parking facilities across the city.
The municipality and Ahuzot HaHof attributed the decision to higher operating and maintenance expenses, including wages, security, cleaning, electricity, municipal taxes, and information technology costs.
They also said that revenue had declined following the transition from hourly charges to minute-by-minute billing.
Tel Aviv-Jaffa residents will continue to receive discounted rates and other preferential parking arrangements under the revised pricing structure.
