RAISING FAIRS 17%!

NEW YORK CITY
TAXI & LIMOUSINE COMMISSION

Notice of Public Hearing and Opportunity to Comment on Proposed Rules

The TLC proposes to make changes to the rules which govern the fares and lease caps of medallion taxis. The Commission will hold a public hearing on the proposed rule. The public hearing will take place at 11:00 a.m. on Monday, July 9, 2012. The hearing will be in the Commission hearing room at 33 Beaver Street, 19^th Floor, New York, NY 10004.

The proposed rules to amend the Taxi and Limousine Commission's rules governing fares charged in taxicabs and street hail liveries will

• Increase fares in taxicabs and street hail liveries by an amount that the TLC estimates will be the equivalent of 17% for the average passenger
• Specify that owners can deduct amounts charged by T-PEP vendors as authorized by the TLC. The TLC plans to select, though a competitive bid process, a health care assistance entity to be funded by a deduction of 6 cents per trip for all trips to fund driver health care and disability coverage.
• Clarify that taxicab markings will be provided only on the Commission's website rather than also set forth in the Rules. This will allow more streamlined updating.

The proposed rules to amend the Taxi and Limousine Commission's rules governing the leasing of taxicabs or taxicab medallions will:

• Change the mechanism by which medallion owners collect credit card charges from drivers with a lease cap increase.
• Eliminate the lease cap differential applicable to hybrid vehicles.
• Authorize (but do not require) lessors who lease their medallions and vehicles on a shift basis to charge a lease cap surcharge for gas they provide to drivers who lease from them.
• Create a new class of lease, the Standard Medallion Lease, which includes long-term lease of a vehicle or conditional purchase of a vehicle. The lease cap for the Standard Medallion Lease takes into account the cost of the vehicle.

Below are links to both proposed rule packages.