Tomorrow’s Taxi Ride May Be More Expensive

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Yellow Taxi cab, Manhattan, New York City, USA.Yellow Taxi cab, Manhattan, New York City, USA Photo: Jon Arnold/AWL ImagesJA/Corbis© Jon Arnold / AWL Images

Two months after it approved a 17 percent rate hike for taxi rides, the Taxi and Limousine Commission announced that drivers can start collecting the new fares as of 12:01 a.m. on Tuesday, as soon as they recalibrate their meters and post the new rates. The New York Times reports that drivers won't be required to make the switch until their first inspection after September 30, so cabs will have a mix of old and new fares for the next few weeks. You might want to put some extra cash in your wallet, though it won't make a difference to drivers. Under the new plan, they don't pay the processing fee for credit card transactions.