New York A02288 limits rate increases for parking garages to no more than 10% over 12 months.

New York A02288 amends the administrative code to add a new rule prohibiting any licensee who maintains, conducts, or operates a parking lot or garage from increasing its rates by more than 10% over a twelve-month period. This change aims to protect consumers from excessive rate hikes in parking facilities. The amendment takes effect immediately upon enactment.

New York A02288 limits rate increases for parking garages to no more than 10% over 12 months.

New York A02288 amends the administrative code to add a new rule prohibiting any licensee who maintains, conducts, or operates a parking lot or garage from increasing its rates by more than 10% over a twelve-month period. This change aims to protect consumers from excessive rate hikes in parking facilities. The amendment takes effect immediately upon enactment.