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Panel proposes exempting cabs from congestion pricing

Posted 3/1/24

The city’s nonpartisan budget watchdog has proposed nixing the congestion-pricing toll for yellow taxi drivers, who as a group have been vociferously opposed to what would be the third MTA fee imposed on them. 

The Independent Budget Office does not explicitly outline its reasoning for suggesting that yellow cabs should be exempted from the surcharge. But the short “fiscal brief” notes that while ridership for both the taxi and the high-volume for-hire vehicle industries dropped significantly during the pandemic, “yellow taxi ridership has been notably slower to recover.”

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