Low parking meter collection rates have shocked public officials in San Francisco, where parking is so valuable people are literally killing for it.
"A report from Board of Supervisors Budget Analyst Harvey Rose shows that San Francisco's roughly 23,000 meters collect on average between $2.61 and $5.59 a day."
"Surprisingly, the lowest collection rates were recorded in the core of downtown San Francisco, where drivers run the gantlet to find a legal parking space and where meters cost as much as $3 an hour."
"Over the past three years, the city has collected $77.6 million in parking meter revenue, well below the $83.5 million originally forecast. But officials at the Municipal Transportation Agency, which oversees meter collections, said the numbers are significantly higher than in 2002 when the city collected $12 million."
FULL STORY: Supes shocked to learn parking meters bringing in millions less than expected
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