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by eli 5012 days ago
The bottom line of the commission? Aren't they a government agency?
2 comments
jvm 5012 days ago
In NYC the taxi commission is in the pocket of the medaillion holders. That's why the recent law to issue more mediallions (2,000 at ~800k each = $1.6b for the city) had to go through the state instead (Albany being less corrupt than anything is mind-boggling), until of course a judge knocked down the law and said only the city could do so.
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dmix 5012 days ago
Taxi commissions make a significant amount of money from Taxi medallions. They can cost anywhere from $200k-$1 million dollars each in some cities.
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eli 5012 days ago
No, they don't. There are no medallions in DC. And any money they "make" goes to the city's general fund anyway.
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dmix 5012 days ago
Ah you're right.

Only source I could find about revenue is how they added $9.9 million in revenue by increasing the surcharge by 50 cents and recently awarded a $35 million dollar contract to Verifone.

So they must be generating some significant amount of money still.

http://www.washingtonpost.com/blogs/mike-debonis/post/final-...

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