The Taxi and Limousine Commission voted on Tuesday to approve an increase in taxicab fares, the first raise for the city's cabbies in a decade.
Sign up for ourThe Taxi and Limousine Commission voted on Tuesday to approve an increase in taxicab fares, the first raise for the city’s cabbies in a decade.
“Raising taxi fare rates and minimum pay for high-volume drivers is the right thing to do for our city,” said TLC Commissioner David Do in a statement. “This is the first taxi fare increase in ten years, and these raises will help offset increased operating expenses and the cost of living for TLC-licensed drivers. We are confident that today’s unanimous Commission vote will keep our taxi and FHV fleets sustainable and ready to serve New Yorkers.
“I am driving for 17 years. This is my only second raise in these years,” said yellow cab driver Richard Chow in a statement. “The increase will be manageable for the public I believe, but for the drivers, it will help us manage our life and our health. We need to pay for our food and for gasoline, and also our children’s future and our own retirement.
Also cheering the deal was the Independent Drivers Guild, a union funded partially by Uber that represents thousands of rideshare drivers.
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