Cab Fares raises, the city is getting more and more expensive.
Living in the city is getting more and more expensive. Rumors from this spring that cab fares are increasing for the first time in six years are confirmed. We received an email from the NYC Taxi and Limousine Commission early this morning and this is how specifically the cab fares are going to change:
The New York City Taxi and Limousine Commission (TLC) hereby announces the following industry information specific to the increase in metered rate of fare for all medallion taxicabs, approved July 12, 2012.
New taxicab rate of fare.
As of 12:01 a.m. on September 4, 2012, medallion taxicabs are authorized to charge the following rates of fare:
Metered trips in New York City
- $2.50 initial charge (first 1/5 mile);
- $0.50 MTA tax;
- $0.50 per each additional 1/5 mile;
- $0.50 per 60 seconds in stopped or slow traffic;
- $1.00 surcharge from 4 p.m. to 8 p.m. on weekdays, excluding holidays;
- $0.50 night surcharge from 8 p.m. to 6 a.m. daily.
Trips to/from JFK International Airport and Manhattan
- $52.00, plus any tolls and/or tip;
- the $0.50 night surcharge shall not be added to this flat rate;
- the $1.00 peak surcharge shall not be added to this flat rate;
- the $0.50 MTA tax SHALL be added to this flat rate.
Trips to Newark Airport
- the amount shown on the taximeter plus a surcharge of $17.50; and
- all necessary tolls to and from the destination.
Situation like this, is this time to find other ways to achieve your daily commutes?