Miami Beach officials have decided to suspend planned parking rate hikes after significant backlash from residents and commissioners. The rate increases, which were scheduled to take effect on October 1, would have raised street parking prices in South Beach from $4 to $6 per hour and doubled resident rates from $1 to $2 per hour. The City Commission unanimously voted to block the increases, citing the financial burden on residents and visitors. Mayor Steven Meiner and all six commissioners sponsored the resolution to halt the increases, emphasizing the need to maintain affordability. The original plan, based on a 2019 ordinance allowing adjustments every five years according to the Consumer Price Index, was repealed. The repeal is expected to reduce city revenues by approximately $4.8 million but will not impact the city's operational budget.