NBCPhiladelphia has a reminder about the parking rate increase today. It’s going to cost you a little more to park in University City and Center City. Rates will increase by 50 cents to $2 an hour in University City and $2.50 an hour in Center City.

The rates apply to meters and kiosks. The increase stems from the recent decision to raise parking rates to help cover the School District of Philadelphia’s $629 million budget shortfall.

The city estimates that the parking rate increases, increases in property taxes and about $10 million from the City’s general fund will provide a little over $50 million for the School District.