New Yorkers could be in for a fare hike of another kind later this summer as the Taxi & Limousine Commission is gearing up to boost cab fares by around 20 percent, according to reports. The price jump would be the taxi industry’s first since 2006, and the Commission is considering the hike at the request of workers who are feeling the pinch of ever-rising gas prices and other associated costs. “The fare hasn’t changed since 2006, so it is reasonable for taxi drivers and fleet owners to put this on the table,” David Yassky, T&LC chairman, said. “We will consider their petitions over the next couple of months.”
The taxi rate increases, likely to hit this summer, a few months ahead of the next MTA fare hike, would boost the average ride from $11.82 to just over $14, and the rate to Manhattan from JFK could climb above $50. Drivers and owners, though, are at odds over one aspect of the hike. Car owners have asked for a similar 20 percent jump in the lease cap for taxis, but the drivers do not support such a hike as it would negate any increase in their take-home pay.
As an infrequent taxi rider, I’m not in love with the idea of paying more for these rides, but at the same time, cab drivers need to earn their living as well. The Taxi and Limousine Commission will host a hearing on the rate hike at the end of the month before moving forward, and it’s unclear what impact this will have on the Outer Borough street hail plan.