We got the memo yesterday... for the first time in (my) memory, the reimbursement rate for use of personal cars on company business is dropping!
From 58.5¢ per mile to 55¢ per mile, starting January 1.
That means in 2009, I'll only be saving about 51¢ per mile by riding my bicycle, rather than the current 54.5¢!
(Estimates only - your cost-of-riding may vary. I figure about 4 cents, but even if it were 10 cents, I'd still be saving a WAD of money!)
I'm waiting to see if there will be any changes at my company next year as a result of the bicycle commuter act.
Good point, bob t! I'm wondering that same thing.
My company has been subsidizing single-occupant motor vehicle parking for years, on account of the tax breaks. (The company leases parking spaces at $64/month, and charges employees $20/month.) Which seems counterproductive to reducing congestion, pollution, blacktop, etc., etc.
For companies with free parking, I would not expect much. But it makes lots of sense for those companies subsidizing employees parking. I may have to lobby for some benefits.
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