|
FREQUENTLY ASKED QUESTIONS
Q. Why is it necessary to increase parking permit prices?
A. Parking permit prices have remained essentially the same since 1971. The costs required to operate the parking program continue to rise, and revenues generated by the parking program currently are not sufficient to cover annual expenditures. It has become necessary to assign a greater share of these costs to those who use parking services and facilities.
Q. What will Parking Facilities do with the additional income?
A. The additional revenue generated will be used entirely to meet the needs of the parking program. The revenue will support operating expenses, provide safety and security, maintenance, enforcement, and future construction of lots and garages. The additional revenue will also gradually reduce dependence on subsidies from other university sources that are not related to the parking program.
Q. Why do staff members pay the same price when not everyone is paid the same?
A. The charge for a parking space is relative to its location and convenience. Spaces for staff are classified as "A" or "B". "A" spaces are more conveniently located than "B" spaces. Staff members may choose the permit and corresponding price that best meets their need.
Q. Why are the rates scheduled to increase over several years?
A. Permit prices are being raised gradually to minimize the financial impact to staff. To further reduce the financial impact, staff may participate in a pre-tax payroll deduction program that will be available in August of 2004.
Q. How much will Purdue staff save by enrolling in the pre-tax payroll deduction program?
A. The amount individual staff will save by enrolling in the pre-tax payroll deduction program will vary depending on the type and number of withholding exemptions selected using the form W-4. On average, approximately 25% of the permit price will be realized on a pre-tax basis.
Q. Are all Purdue staff eligible to enroll for pre tax payroll deduction?
A. No. Only those staff having full or part-time regular appointments will be eligible to enroll in accordance with current payroll guidelines. Temporary staff, adjunct staff, and students will not be eligible.
Q. How will staff be notified about the pre-tax enrollment process?
A. Staff will receive an enrollment application via campus mail before the end of the Spring semester. This enrollment application must be completed and returned to Parking Facilities by the end of June to assure inclusion in the plan. Additional information will be provided via the Parking Facilities Web Site, Inside Purdue, and other media sources.
|