The New York City Taxi and Limo Commission voted unanimously on Tuesday to increase taximeter rates by 23%, the first such increase in a decade.
The fare increases, which are expected to go into effect before the end of the year, include a 10 cent increase in base fares for yellow and green cabs, from $2.50 to $3.
A live stream of the TLC meeting shows that flat rates also increase from 50 cents to 70 cents, while peak hour and overnight rates increase to $2.50 and $1, respectively.
Just in time for the holidays there will also be a price jump for trips to the airport. According to Tuesday’s poll, a cab to JFK Airport will cost an additional $18, up to $70 from $52. A cab to LaGuardia, on the other hand, costs an additional $5.
At Tuesday’s meeting, a TLC representative explained the reasons for the airport fare increases, noting that drivers are not being paid for the long periods they spend in terminals waiting in parking lots.
“By raising those rates, we hope to compensate them for this downtime,” the representative said.
Traditional cab drivers aren’t the only ones affected by the price hikes, as the increases include a 7% per-minute pay increase for Uber and Lyft drivers, while pay-per-mile will rise by 24%.
TLC first announced the proposed fare increases in September, saying the changes would increase drivers’ revenue by 33% based on 2019 passenger traffic.
“Increasing cab fares and the minimum wage for frequent travelers is what’s right for our city,” TLC Commissioner David Do said in a statement to The Post on Wednesday. “This is the first taxi fare increase in ten years and these increases will help offset increased operating costs and the cost of living for TLC licensed drivers. We are confident that today’s unanimous vote by the commission will keep our taxi and Relief Society fleets sustainable and operational for New Yorkers.”
Following the vote with amNewYork, cab driver Richard Chow welcomed the commission’s decision.
“I’ve been driving for 17 years. This is my only second raise in these years,” he told the outlet. “I believe the increase will be manageable for the public but for drivers it will help us manage our lives and our health. We have to pay for our food and gas, and also for our children’s future and our own retirement.”
While the New York Taxi Workers Alliance is reportedly pleased with the TLC’s decision, the union is still seeking more pay increases so drivers can take home $25 an hour.
“After a year of all drivers having to choose between food and gas, and a decade of not only stagnation but losses in particular for yellow cab drivers, we are relieved that the increase will be voted on,” said NYTWA executive director Bhairavi Desai amNewYork. “We fought hard for this and rider unity has worked for all riders across the industry. There is still work to do to bring driver earnings to $25 an hour after expenses.”
The Independent Drivers Guild, which is partially funded by Uber and represents ridesharing drivers, also commented on the price increase, citing skyrocketing fuel prices as the main obstacle for drivers.
“Gasoline prices and spending have skyrocketed over the past two years and rideshare drivers are struggling to make ends meet,” IDG President Brendan Sexton told the outlet. “This minimum wage increase is critical and an important step in protecting the 80,000 ridesharing opportunities that keep our city moving. We would like to thank the staff of the Taxi and Limousine Commission, Commissioner Do and the Adams administration for listening to drivers and taking action.”
The NYTWA and the IDG did not immediately respond to the Post’s request for comment.
https://nypost.com/2022/11/16/heres-how-much-taxi-fares-are-going-to-go-up-in-nyc/ That’s how high taxi fares will go in NYC