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NY Taxi Rates Expected To Rise by Summer's End

Monday, May 21, 2012 - 03:42 PM

(New York, NY -- WNYC) By the end of the summer, it may cost more to take a taxi in New York.

The Taxi and Limousine Commission says it’s considering a fare hike on cabs later this month.  Its been 8 years since the last overall fare hike. The TLC will hold a public hearing on the rate hikes on May 31.

The Taxi Workers Alliance submitted a proposal for a hike a year ago. The group is asking for an increase between 20-25 percent.

Official sources say that number would likely be closer to 16-20 percent but that drivers have made a good case for an increase.

That would raise the average fare to $14 from about $12.

Taxi Workers Alliance’s Bhairavi Desai says  “Its about time, the last overall raise was in 2004—and we’ve seen drivers really struggling out there to make ends meet."

TLC Commissioner David Yassky says “it’s reasonable for taxi drivers and fleet owners to put this one the table. We will consider their petitions over the next couple of months.”

The TLC will also look at maximum lease rates, know as "lease caps," which have been requested by fleet owners.

If a fare increase is approved by the summer-- it will coincide with the sale of the new outer borough livery permits and 2000 yellow medallions.

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