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Yesterday the Taxi and Limousine Commission jacked up the price of the wait charge while cabs are stuck in traffic.
The new fare will go into effect in December, just in time for the holidays.
Current fare scheme
Wait time and fare
1 minute ……… $7.90
4.77 minutes …..8.65
9.54 minutes …. 9.61
New fare scheme with increased wait-time rate
Wait time and fare
1 minute ……….. $8.10
4.77 minutes …… 9.60
9.54 minutes …..11.52
Cab fare hike? Yes, just wait & you’ll see [Daily News]
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