MADISON, WI (WTAQ) - New high parking rates in Madison will help pay for replacing aging parking garages in the Capitol City.

Those parking rates go into effect Monday.

The change was approved twice, by the Transit and Parking Authority last April and the Common Council last month. The new charges will be phased in over the next two months.

Parking rates around the city will go up by a nickel an hour, while special event parking increases a dollar, to $5 per event. Rates in downtown parking lots will also go up.