The New York City Taxi and Limousine Commission voted Tuesday to raise the pay of cab drivers and hence will boost metered fares 23%, the first such increase since 2012.
Rates for rush hour, overnight and airport-related trips will also rise, as will the per-minute and per-mile rates of for-hire vehicles, such as Uber and Lyft.
“Raising taxi fare rates and minimum pay for high-volume drivers is the right thing to do for our city,” TLC Commissioner David Do said in a statement, according to Bloomberg.
The base rate for a taxi will go from $2.