The doubling, passed in an effort to address a looming $252.2 million deficit, is expected to bring in $800,000 each month for an average of $9.6 million annually.

Parking meter rates in the city of San Diego will double Friday, following a vote earlier this week by the San Diego City Council.

Starting next month, San Diegans will need to shell out a little more per hour to park in spaces with a city-operated meter. On Monday, the San Diego City Council voted 8-1 to approve a hike to the rate charged at parking meters in the city as a means to help close the projected $260 million budget deficit heading into the next fiscal year.