By Margarita Vinogradov Dec 28, 2020 6:27 PM MADISON, Wis. — Starting on Jan. 4, 2021, The City of Madison Parking Division will increase the maximum daily rate in all city-owned public parking garages and Brayton Lot from $5 to $8. The first hour of parking will remain free on Saturdays. This temporary rate reduction will continue to provide a low cost parking option for residents, workers and businesses during reopening and recovery due to COVID-19. The maximum rate goes into effect once the amount owed reaches or exceeds $8, halting any additional accrued hourly fees for that day. If the parking session costs less than $8, then that lower amount is charged.