Today, a report is going to Vancouver city council calling for significant changes to the way parking meters are managed.

"The current approach...requires reform and modernization in order to meet the City's transportation and public space objectives," the document states. "The proposed changes will ensure that motorists are well served at their destinations and address the safety, congestion and GHG [greenhouse gas] impacts associated with unnecessary searching for on-street parking."

The report notes that at some locations, proposed changes will result in higher revenues, while the money flowing in could go down in other areas.

But overall, the amount of money coming into city coffers will increase. How much? On this question, the report is silent.

In this year's budget, the city forecast generating $46.6 million through on-street parking revenue. That's up from $45 million in 2015.

Changes outlined in the report include the introduction of a "policy and data driven parking meter program".

This would adjust on-street rates annually based on what's been learned over the previous year. It would also entail adjusting on-street rates for daytime and evening usage, as well as change meter rates to ensure there are about one or two free spaces per block.

There are about 10,000 parking meters in Vancouver that cost $1 to $6 per hour.

"The current practice of one parking meter rate for the entire 9AM to 10PM period can lead to over-pricing in off-peak periods," the report states.

Staff is also calling on council to eliminate an early-payment discount for tickets, which will bring in an additional $1.4 million to $2 million per year.

"In addition, the recommended increase in storage fees to align with comparable rates charged by external parties is projected to result in an increase of $600,000 to $800,000 in annual revenue," the report notes.