Salt Lake City may hike downtown parking by 55%

• The policy change would also charge for parking on Saturdays and extend collection hours to 10pm.
• Currently, two-hour parking is free on Saturdays, and fees aren't collected after 8pm Monday through Saturday.

The big picture: As downtown grows busier, higher parking costs could encourage increased turnover of parking stalls.

• The hike is estimated to generate about $1 million in additional revenue, according to a council staff report.

What's next: The council must adopt the city budget by June 30.

• If approved, the new rates would begin July 1.