[Source: Leslie Aleman, ABC 15] — Phoenix City Council will vote Wednesday on a plan to increase parking meter rates as a way to generate new revenue. If approved, parking meters in downtown Phoenix would increase to $1.25 an hour, according to city officials. The proposal would also extend meter parking hours until 8 p.m. Monday through Friday and charge drivers to park on Saturday. City officials said the changes will generate about $1.3 million each year.