Faculty and Staff Virtual Parking Permits increased from .9% of your annual base salary to .92% in FY23, and will increase each fiscal year through FY28, ending at 1.02% of a person’s annual base salary.
Here are examples of how salary levels will be affected by the new rate structure:
$30,000/ $60,000/ $82,778+ salary bands
| Fiscal Year | % of ABS | Monthly Rate | Annual Rate |
| FY22 | .9% | $22.50/$45/$62 | $270/$540/$745 |
| Approved Rates | |||
| FY23 | .92% | $23/$46/$63.50 | $276/$552/$762 |
| FY24 | .94% | $23.50/$47/$65 | $282/$564/$778 |
| FY25 | .96% | $24/$48/$66.25 | $288/$576/$795 |
| FY26 | .98% | $24.50/$49/$68 | $294/$588/$811 |
| FY27 | 1% | $25/$50/$69 | $300/$600/$828 |
| FY28 | 1.02% | $25.50/$51/$70.33 | $306/$612/$844 |
The salary-based permit rate is capped at $795 for FY25 and increasing to $844 for FY28. Individuals earning $82,777.77 a year and above will pay this capped rate.
For employees in union-represented bargaining units, the rate increases will be discussed through the required collective bargaining process.