New Translink tax means emptier pockets for students
January 15, 2010 by Kristi Jut · 1 Comment
Kwantlen students got slapped with a parking-fee increase when they went back to school from their winter break on Monday, Jan. 4.
Parking rates have risen from $2.75 for every four hours to $3.25. For all-day parking at any of the campuses, it now costs students $4.75 instead of the $4.
Julian Jones, vice-president of business development at Impark, said the company isn’t collecting any extra revenue from the increase as it’s a result of a tax-hike introduced by Translink. He does, however, admit that “sometimes numbers have to be tweaked for a more user-friendly method of payment.â€
The tax that Impark now pays to Translink, which took effect Jan. 1, has risen from seven per cent to 21 per cent and is a 300 per cent jump from 2009.
“Since the tax on $1 is 21 per cent, we can’t really charge 21 cents on that. It has to be something more convenient, like 25 cents,†said Jones. Gordon Lee, Kwantlen’s vice-president of finance and administration, said that students can expect another fee increase when the HST (harmonized sales tax) comes into effect in July.
“Kwantlen has been working with Impark for about 10 years and they’ve managed the lot since they won [the rights to the lots] through a bid,†said Lee. “The cost [of parking] goes towards servicing the lot. There are no revenues that the school collects.â€
According to Lee, about 15 years ago, students didn’t have to pay to park on campus, but they had to start charging for parking “as the budget got tighter.â€
“The thing is,†said Lee, “we don’t get money to make parking lots. But it is required that schools have parking lots that are safe and maintained.â€