Wait, no. WDUQ is reporting that though Mayor Ravenstahl won’t sign the measure, he won’t veto it either — thus the law-parts would become law. He says the Parking Authority would have to commission a study before it could raise rates(*). He says he doesn’t like the plan because it relies on taxpayers as a backstop, because it won’t solve the pension crisis and because there’s no guarantee the state won’t take over anyway. (On that first point, Council’s plan states that should parking revenue fail to meet the required total in any year, the city’s general fund would be tapped to make up the difference. No idea how likely or how significant that would be.)
(*) – That … that could be a death knell.