Tags: BBEXCLUDE | BNALL | BNK | BNSTAFF | BNTEAMS | BON | BUD

New York City May Up Taxi Fares 20 Percent

Tuesday, 22 May 2012 05:48 PM

 

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink

New York City cab riders may see fares rise by as much as 20 percent, the biggest increase in eight years, under a proposal before the Taxi and Limousine Commission.

“The fare hasn’t changed since 2006, so it is reasonable for taxi drivers and fleet owners to put this on the table,” David S. Yassky, commissioner of the agency, said in an e-mailed statement. “We will consider their petitions over the next couple of months.”

The commission will hear the proposal May 31.

The New York Taxi Workers Alliance, which represents 15,000 drivers, has been petitioning the commission for the past year to increase fares by at least 15 percent, citing the high price of gasoline and leases.

“Drivers work long and grueling hours and they shouldn’t be earning today less than they did six years ago,” Bhairavi Desai, the alliance’s executive director, said by telephone. “It’s just a question of fairness.”

Drivers received their last comprehensive raise, of 26 percent, in 2004, when the average gallon of gasoline in the New York City area cost $1.78. By last month, that price had more than doubled to $4.09, according to the New York State Energy Research and Development Authority.

The weekly lease that taxi drivers pay to fleet owners has increased to about $900 from about $600 in 2004, Desai said.

The average cost of an individual tax medallion rose in April to $703,000 from $701,000 a month earlier, according to the commission. A medallion, the aluminum plate found on the hood of all cabs, gives owners the right to operate a taxi.

In 2009, the state Legislature added a 50-cent surcharge to taxi rides to help fund the Metropolitan Transportation Authority, which runs the city’s subways, buses and commuter railroads. In 2006, riders saw the price rise for each minute a cab is stopped or in traffic.


© Copyright 2014 Bloomberg News. All rights reserved.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Retype Email:
Country
Zip Code:
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
You May Also Like

Miss. Gov. Bryant: More Uninsured in State Due to Obamacare

Monday, 28 Jul 2014 21:13 PM

Mississippi Republican Gov. Phil Bryant blames Obamacare for the state's increase in the number of people without health . . .

Judge Rules Against LA Clippers' Sterling: Team Can Be Sold

Monday, 28 Jul 2014 21:08 PM

The record $2 billion sale of the Los Angeles Clippers to former Microsoft Corp. Chief Executive Officer Steve Ballmer i . . .

Montel Williams Skeptical of VA Deal, Still Calls for 'Surge'

Monday, 28 Jul 2014 20:48 PM

Montel Williams, who has been advocating for a VA Surge to clear the backlog of veterans needing healthcare, is skepti . . .

Most Commented

Newsmax, Moneynews, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, NewsmaxWorld, NewsmaxHealth, are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved