Do taxi drivers make good money? -

Do taxi drivers make good money?

The U.S. Bureau of Labor Statistics (BLS) gives the median income for taxi drivers and chauffeurs as $25,880 per year as of May 2017. This means that 50 percent of cabbies earned more than this amount and the other half earned less.

How much is a taxi medallion worth in Chicago?

about $30,000

How much is a NYC taxi medallion worth today?

The value of medallions soared due to the City’s artificial inflation of medallion values to drive up revenue. But since the proliferation of Uber, Lyft, and other rideshare apps beginning in 2011, the medallion value has plummeted. As of September, taxi medallions are a meager $80,000.2021-11-23

Why are taxi medallions so valuable?

The medallion system is a government-created intentional constraint on the supply of taxicabs, and because cities have historically increased the number of medallions at a slower rate than the growth in demand for taxis, medallions have generally been considered a valuable investment; though recently the increased

How much do taxi drivers make in NYC 2021?

The average salary for a taxi driver is $24.09 per hour in New York, NY. 3 salaries reported, updated at . Is this useful?2021-02-19

How many taxi medallions are in Chicago?

According to the city’s data portal, just more than 800 medallions are listed as “active.” Garcia says the actual number of taxis on the streets is far less than that.2021-05-04

How much do NYC cabbies make?

Annual Salary Hourly Wage
————— ————- ———–
Top Earners $142,592 $69
75th Percentile $57,037 $27
Average $47,335 $23
25th Percentile $30,712 $15

How do NYC taxi medallions work?

The NYC cab medallion is a piece of metal that is attached to the hood of the car signifying that the vehicle is legally able to operate as a cab in New York. The number associated is also displayed on the cab’s overhead sign and on the licensing paperwork. Currently, there are about 13,500 medallion cabs in NYC.2015-09-25

Are taxi medallions worthless now?

A taxi medallion is the physical certificate required to operate a yellow cab. Once seen as a valuable asset that secured a comfortable retirement, the medallion’s worth has plummeted, leaving the thousands of drivers who purchased a medallion in hundreds of thousands of dollars in debt, and financially ruined.2021-10-02

Why were taxi medallions so expensive?

The tumultuous state of the medallion can be traced back to its artificial inflation. In 1937, New York City created the medallion system and placed a limit on the amount of medallions that could be sold, making one rare and valuable.2021-10-02

How much is it to lease a taxi medallion in NYC?

around $100

How much is a Boston taxi medallion worth?

Boston. In 2013, the price of a medallion was $625,000. In 2014, that price had risen to around $700,000.

Are medallions expensive?

Around 2010, the market value of a medallion was around $600,000. It peaked around 2013 at over $1,000,000. Between 2014 and 2015, New York City’s non-corporate medallion price dropped 45%. In 2015, the price had fallen to approximately $650,000.

How much is a medallion worth?

In 2005, the value of a medallion was roughly $65,000 to $80,000. As of 2018, the value was around $50,000.

How much does it cost to lease a taxi in NYC?

The Participant-Specific Lease option offered shift durations of up to 12 hours, with lease rates ranging from $6.60 to $9.10 per hour, depending on time and day.2019-08-12

New York's Yellow Taxi Medallion Crisis, ExplainedDocumented

As of September, taxi medallions are a meager $80,000. Highly regulated, as of 2014, the City had limited the number of yellow cabs available to about 13,500. But rideshare vehicles had no such limits; the amount of them on the streets tripled between 2010 and 2019, from 40,000 vehicles to over 120,000.

Taxi Medallion – TLC – New York City

Step 5: Vehicle Inspection. Every taxicab vehicle hack-up must be inspected at the TLC’s Woodside inspection facility, located at 24-55 BQE West, Woodside, NY 11377. During the hack-up inspection, TLC will install the Medallion on the vehicle, and will ensure all equipment works correctly and meets TLC regulations.

Need to Know: Taxi Medallions in New York

A taxi medallion, also known as CNPC (Certificate of Public Necessity and Convenience), is a transferable permit to drive a taxi in New York. When did taxis begin to be used in New York City? Taxis, as we traditionally know them with taximeters, began to roll in October 1907.

NYC caps taxi medallion debts at $170K after driver hunger

NYC will cap taxi medallion debts at $170K after driver hunger strike By David Meyer November 3, 2021 7:44pm Updated A hunger strike began Oct. 20 outside City Hall to push for a debt cap for taxi

Taxi Medallion Owner Relief Program – TLC – New York City

TLC recently announced the $65 million dollar Taxi Medallion Owner Relief Program to provide debt relief for financially distressed medallion owners. This Program will give small medallion owners a critical tool to work with lenders and take charge of their debt by restructuring loans, reducing principal, and lowering monthly payments.

'They stole from us': the New York taxi drivers mired in

According to the New York Taxi Workers Alliance (NYTWA), the average debt owed on medallions by taxi drivers is $600,000. The tumultuous state of the medallion can be traced back to its artificial

NYC Taxi Medallions for sale List – New York City Yellow

New York City yellow taxi Medallion listing, Buy and sale NYC Medallions. See listing for independent or corporate medallion

How Cronyism Created New York City's Taxi Medallion Bubble

How Cronyism Created New York City’s Taxi Medallion Bubble The vast majority of those who find themselves underwater financially because of the burst of the taxi medallion bubble are the people who created that bubble in the first place. Tuesday, October 8, 2019 Photo by Taton Moïse on Unsplash Daniel Kowalski

New York City taxi drivers end hunger strike after

New York City’s Taxi and Limousine Commission (TLC) agreed to a city-backed guarantee to lower the monthly payments of taxi medallion owners, or “owner drivers” to a maximum $170,000 – far less

How We Investigated the New York Taxi Medallion Bubble

At that time, the taxi industry was becoming a big story. Mr. Cohen had owned his medallions as an investment, counting on them rising in value because of the city’s decision to issue only about

How much is a NYC taxi medallion worth these days

Just four years ago, the cost to purchase a New York City taxi medallion, an essential license needed to operate a yellow cab, hit $1.3 million. A hefty sum but worth it given the lucrative trade

A $750,000 Taxi Medallion, a Driver – The New York Times

New York | A $750,000 Taxi Medallion, a Driver’s Suicide and a Brother’s Guilt Advertisement A $750,000 Taxi Medallion, a Driver’s Suicide and a Brother’s Guilt By Brian M. Rosenthal

Taxi medallion – Wikipedia

A New York City taxi medallion A taxi medallion, also known as a CPNC (Certificate of Public Necessity and Convenience), is a transferable permit in the United States allowing a taxicab driver to operate.

NYC taxi rescue plan calls for revaluing all medallions at

A $250,000 valuation for every medallion, Dange argues, could make for an attractive return for most lenders, who are now staring at the prospect of a slew of defaults, as well as a demand from the

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Fideres | New York Taxi Medallions

Medallions are small metal plates attached to the hood of a New York yellow taxi, certifying it for use throughout the city. There are two kinds of medallion ownership structures: independent medallions and mini-fleet or corporate medallions. The medallion pool is rarely expanded, and the relative scarcity contributed to its high value for years.

Distressed Drivers: Solving the New York City Taxi

A. The Early History of Taxi Medallions. New York City created the taxi medallion in response to a dire situation. Prior to 1935, taxis in the City were not regulated, and rival, unregulated companies competed for fares. When the Great Depression hit, demand for taxis plummeted, forcing many companies out of business.

Taxi Drivers Sue NYC For $2.56B Over Medallions – MSN

New York City pulled in $855 million from medallion sales from what the taxi medallion owners — Alec Soybel and Galina Kaminker — claim was a fraudulent scheme.

Michael Cohen and the amazing history of the once – CNN

The only way to get a medallion was to buy one from someone who had one or to purchase a new one whenever the New York City Taxi & Limousine Commission decided to auction them off. The value of

Timeline of the NYC Taxi Medallion Crisis | NCUA

During this period, taxi medallion values were stable or rising. Limited supply and other factors led to speculation in the medallion market. At the market’s peak, the price of a single New York City taxi medallion exceeded $1.2 million. May 2011: The first ride-sharing service arrives in New York City. October 2012

Hundreds of Taxi Medallions Repossessed Despite Rescue

“Oh my gosh, it was a moment of hope and triumph,” said Bhairavi Desai, executive director of the New York Taxi Workers Alliance. But for some medallion owners, that moment of hope has proven to be fleeting. ‘Bad-Faith Players’ TLC records reveal that 94

Vintage New York City Taxi Medallion NYC Cab 9K71, Not

Vintage 2000-2001 New York City Taxi Medallion NYC Cab 9K47. $30.00 + $9.10 shipping + $9.10 shipping + $9.10 shipping. taxi cab decour. $30.00 + $12.50 shipping + $12.50 shipping + $12.50 shipping. Metal Sign TAXI cab taxicab driver taxis city public hire stand service street. $10.49

How much does a New York City taxi medallion cost

Yellow Cab Taxicabs are the only vehicles that have the right to pick up street-hailing and prearranged passengers anywhere in New York City. By law, there are 13,587 taxis in New York City and each taxi must have a medallion affixed to it. Medallions are auctioned by the City and are transferrable on the open market by licensed brokers.

How much does a NYC taxi medallion cost? – MSI

What are taxi medallions in NY? Taxi medallions are small aluminum plates that are affixed to the hoods of yellow taxicabs. More importantly, however, these “tins” as some call them, they represent a license to operate as a Taxicab in the City of New York, and as such, allow that vehicle to pick up street hails anywhere in the five boroughs.

Hundreds of Taxi Medallions Repossessed Despite Rescue

New York Hundreds of Taxi Medallions Repossessed Despite Rescue Deal That Ended Hunger Strike by Guest Author Kumar Dhiren, left, and his business partner Pradip Das with their yellow cab in Queens Village. An indent can be seen where the taxi medallion was ripped off. . Ben Fractenberg/THE CITY

The Cost of Taxi Medallions in New York City | Marron

Senior Fellow Clayton Gillette recently served on the New York City Taxi Medallion Sales Price Task Force. The task force was created following reports in The New York Times and elsewhere about alleged financial misconduct of sellers and lenders in the medallion market.The final report, which spells out several practical recommendations, was released on .

Taxi Medallion Owners Hail Win In Fight Against Holdout

Taxi Medallion Owners Hail Win In Fight Against Holdout Loan Firm – New York City, NY – A lender holdout in the debt-relief deal for taxi medallion owners has called off its repo men.

New York taxis

New York Taxis. New York taxis are licensed by the Taxi and Limousine Commission (TLC) and provide an essential service to New Yorkers and tourists alike for getting around this fabulous city, offering comfort, reliability, convenience and affordability. There are over 12,000 yellow medallion taxicabs so it doesn’t take long to spot one.

Why Does A Taxi Medallion Cost $1 Million? : Planet Money

Last month in New York City, two taxi medallions, the metal plates that make it legal to dive a cab in the city, sold for $1 million each. On today’s show, we find out why these little pieces of

Taxis of New York City – Wikipedia

Boro taxi (left) and Yellow Medallion taxi In New York City, taxicabs come in two varieties: yellow and green; they are widely recognizable symbols of the city. Taxis painted yellow ( medallion taxis) are able to pick up passengers anywhere in the five boroughs.

Taxi Medallion Owners Hail Win in Fight Against Holdout Loan Firm – THE CITY

The peace agreement between the New York Taxi Workers Alliance and Edina, Minn.-based lender O’Brien-Staley Partners/OSK came amid pressure from Senate Majority Leader Chuck Schumer and other local lawmakers — and followed stories in THE CITY about medallion repossessions that continued even after City Hall gave the green light to a program

20 NYC TAXI MEDALLIONS – Maltz Auctions

Bankruptcy Auction – United States Bankruptcy Court Eastern District of New York. In Re: R. Shimon Bar Yokhai Cab Corp. f/d/b/a Hakotel The Wailing Wall Cab Corp., f/d/b/a H Ep Kjvai Can Corp., f/d/b/a Tel Chai Trumpeldor Cab Corp., f/d/b/a Rishon Lezion Ffmids Cab Corp. f/d/b/a HPO Harav Kook 35 Cab Corp., f/d/b/a Ashamal Cab Corp., Sienna Rain Cab Corp., f/d/b/a Zfat Tiberias Cab Corp., f

NYC Taxi Drivers Celebrate Medallion Debt Relief at City HallDocumented

A jubilant crowd of dozens of yellow taxi drivers and their supporters celebrated last week’s historic news that New York City’s Taxi and Limousine Commission agreed to a medallion debt restructuring plan.Organized by the 25,000-member strong New York Taxi Workers Alliance (), the cab drivers were joined by a plethora of elected officials like Mayor Bill de Blasio, Senator Chuck Schumer

Attorney General James' Statement After NYC Agrees to Supplement Taxi Medallion Relief

NEW YORK – New York Attorney General Letitia James released the following statement after the City of New York announced an agreement between the city, the New York Taxi Workers Alliance (NYTWA), and Marblegate Asset Management — the largest medallion lender — “to supplement the city’s Medallion Relief Program (MRP) with a city-funded deficiency guarantee to achieve greater principal

Taxi Medallion Sale · NYC311 – New York City

Taxi Medallion Sale. The last Taxi and Limousine Commission (TLC) medallion sale took place on . A medallion is a piece of tin that is affixed on the hood of a yellow taxicab. The piece of tin identifies the vehicle as a licensed New York City taxicab and may be used to pick up passengers from the street by a licensed New York

New York City Screwed Taxi Drivers. Now They're Drowning in Debt.

New York City made a killing off of taxi drivers who purchased medallions by driving them into enormous debt. Those drivers need debt forgiveness — but the city’s relief policies won’t provide it. New York Taxi Alliance drivers rally at City Hall in New York on . (Ismail Ferdous / Bloomberg via Getty Images)

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NYC taxi drivers file $2b suit against city over 'inflated' medallion prices – New

A new class action lawsuit says a decade of negligence and corruption by New York City officials destroyed the value of yellow taxi medallions, and demands $2.5 billion in restitution.

Medallions for Sale or Lease – NYCYellowCabTaxi.com

Post a Medallion for Sale or Lease. NYCYellowCabTaxi.com is a private blog about New York City Yellow Cab Taxis and is not affiliated with the New York City Taxi and Limousine Commission

"They're monsters." New York's $65 million bailout plan helps – Business of Business

Taxi medallions, needed to operate a taxi legally, sell at fluctuating prices. The going rate is approximately $75,000, but just seven years ago a medallion was auctioned with a starting bid of $280,000, according to Bhairavi Desai, the Executive Director the non-profit union New York Taxi Workers Alliance (NYTWA).

Distressed Drivers: Solving the New York City Taxi Medallion Debt Crisis – Columbia

PDF REPORT OF THE TAXI MEDALLION TASK FORCE – New York City Council

TAXI MEDALLION TASK FORCE REPORT 5 JANUARY 2020 INTRODUCTION TDefining the Problem he medallion taxi industry is in a state of crisis, both in New York City and across the country. Market speculation, risky lending practices, and lack of proper regulatory oversight across various levels of government led medallion owners to take on high levels

Transferring Taxi Medallion from a Deceased Individual in New York

If you need assistance with estate planning issues concerning the ownership interest and transfer of a New York Taxi Medallion asset, a New York probate and estate attorney is qualified to assist you with such matters. If you wish to speak to a New York estate attorney, call the Law Offices of Albert Goodwin at. (212) 233-1233.

New York Taxi Workers Stage Hunger Strike to Demand Medallion Debt Relief

. Local and federal progressive lawmakers expressed solidarity on Sunday with New York City taxi drivers who were five days into a hunger strike, demanding Mayor Bill DeBlasio embrace a debt relief proposal for drivers who owe hundreds of thousands of dollars for the medallions they purchased in order to work in the industry.

New York City Taxi Medallions – Think Urbanism

In order to drive a cab in New York City, drivers must own or rent one of a fixed number of taxi medallions (currently, there is a cap of just under 13,600 taxi medallions). The medallion program, dating back to the 1930s, arose thanks to an enormous number of taxi cabs flooding the streets, inducing congestion, intense fare competition, and

How long does a NYC taxi medallion last? – Greedhead.net

A Social History of the New York City Cabdriver,” after the passage of the Haas Act, “no one expected the medallions to ever be worth more than the ten-dollar license fee.” By 1950, the medallions cost $5,000 on average. How many taxi medallions are there today? The current number of taxi medallions is 13,587, which is very close to the

[VIDEO] The Rise and Fall of New York City Taxi Medallions | Viewing NYC

on at 4:00 PM. at 4:00 PM on . In this short video from our friends at CityXcape, watch and learn how the economics behind the Taxi medallion system works in New York City, and follow its spectacular rise and fall. via CityXcape. Originally published on March 24th, 2020.

#EndCabbieDebt – New York Taxi Workers Alliance

Under the agreement reached between NYTWA, the City of New York and Marblegate Asset Management – the largest holder of taxi medallion debt, the outstanding principal on all medallion mortgages will be restructured to no more than $170,000 per loan, with monthly payments capped at no more than $1,122. Lean More About the Campaign Below.

How does the New York City taxi medallion system work? – Quora

Answer: > Only “medallion taxicabs,” those painted in distinctive yellow and regulated by the TLC, are permitted to pick up passengers in response to a street hail. Medallion taxicabs are named for the official medallion issued by the TLC and attached to a taxi’s hood. The medallion may be p

How Uber and Lyft doomed NYC's yellow cab business – New York – New York Daily News

Uber and Lyft’s growth in New York City has mowed down the value of yellow taxi medallions — destroying an investment that cabbies and cab operators once saw as solid as a bar of gold. The

Uber strikes a deal to list New York City taxis on its app – CNN

Ridehailing giants like Uber’s forays into New York City upended the long-standing taxi medallion system — a market created by regulators and the private sector that oversaw the city’s official

Vintage New York City Taxi Medallion NYC Cab 9K71, Not Used, Paint Loss | eBay

NYC New York City 1999 2000 Taxi Cab Medallion with COA. $19.99 + $5.15 shipping + $5.15 shipping + $5.15 shipping. Vintage 2000-2001 New York City Taxi Medallion NYC Cab 9K47. $30.00 + $9.10 shipping + $9.10 shipping + $9.10 shipping. taxi cab decour. $30.00

Taxi medallion owners are still drowning under bad loans – City & State New York

On Thursday, a sea of yellow cabs overtook the Brooklyn Bridge as taxi medallion owners demanded action on a plea they’ve been making for months, if not years: “Debt forgiveness now.”. Roughly 6,000 of New York City’s yellow taxi medallions – the metal plates that license someone to drive a cab – are owned independently by so-called owner-drivers.

PDF Distressed Drivers: Solving the New York City Taxi Medallion Debt Crisis

1. Telephone Interview with Alix, Taxi Medallion Owner in New York City () [hereinafter Interview with Alix]. For privacy reasons, the author has excluded Alix’s last name from this Note. Taxi medallions are licenses issued by New York City that permit individuals to operate an official taxicab. They were first created in the

What is a taxi medallion worth? – City & State New York

That is no longer the case considering the dramatic drop in the value of medallions, which has destroyed the finances of thousands of taxi drivers who The New York Times reports were snookered into taking out large loans when medallions were worth as much as $1.3 million. Some have died by suicide and prices have plummeted to as low as $110,500

NYC taxi drivers are in the 2nd week of a hunger strike for medallion debt relief : NPR

New York City taxi medallions once gave cabs the exclusive right to pick up passengers on the street. They were once worth more than a million dollars. Drivers took out costly loans to buy them.

5 NYC TAXI MEDALLIONS – Maltz Auctions

Bankruptcy Auction – United States Bankruptcy Court Eastern District of New York. In Re: Corsi Cab Corp., et al. – Case # 18-47204-nhl. 5 NYC Taxi Medallions. 3-Medallion & 2-Medallion Mini Fleets Details: Offering #1: 3 New York City Taxi Medallions Owned by Sincere Cab Corp. Medallions #’s 1P30, 1P34 & 1P35

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Dozens of New York City taxi drivers blocked the Brooklyn Bridge demanding medallion

Taxi medallions are a city license that goes on the taxi allowing drivers to pick up street hails anywhere in the boroughs. But they require fees. But they require fees. According the the New York Taxi Workers Alliance , paying for a medallion outright costs an average of $100,000, but taking out a loan for one on average costs $550,000.

How much is a NYC taxi medallion worth today? – Runyoncanyon-losangeles.com

It’s all about supply and demand. The tailwind behind medallion inflation is a cap on taxi cab licenses. So as New York has prospered over the past few decades, the price of medallions has gone through the roof. What is a NYC cab medallion? The city’s taxi medallion program launched in 1937 to rein in the growing number of cabs on city streets.

New York City taxi medallion industry today

The NYC taxi medallion industry was the deal of a lifetime for maybe 40 years or more. A taxi medallion is an intangible asset; the right to paint a car a particular yellow with lettering etc., install a certified meter, and pick up random people for fees and tips. Until 2006 there was poor oversight on driver’s income.

Taxicab Medallion Systems: Time for a Change – The Heritage Foundation

A decade before New York adopted its medallion system and years before the 1929 crash triggered the circumstances of the 1930s taxi glut, pressures were already building in many cities to regulate

NYC's Taxi Medallion Crisis is a Case Study in Government Malfeasance | R Street

New York City’s ongoing, multiyear crisis surrounding taxi medallions—punctuated by a recent spate of taxi driver suicides [1] —has received growing publicity. As taxi medallion prices soared over the past few decades and then precipitously collapsed, taxi drivers in the Big Apple have increasingly faced a crushing debt load and few choices for salvaging their financial situation.

Bankrupt New York taxi drivers want a viable future : New Frame

27 October 2021: Yellow cab driver Richard Chow has gone on a hunger strike in solidarity with fellow members of the New York Taxi Workers Alliance in New York City. Augustine Tang, a medallion driver on his sixth day of hunger strike, shared his own story of how he joined the ranks of the estimated 4 000 drivers with medallion debt.

First Taxi Medallion Owners Receive Debt Relief – Hamodia.com

NYC taxi medallion. (AP Photo/Mark Lennihan, File) New York City has delivered nearly $700,000 in relief for the first three owners to fully restructure their loans, and the Taxi and Limousine

New York City taxi medallion lenders and owners question Mayor Bill de Blasio's $65

A $65 million taxi medallion relief fund announced by Mayor Bill de Blasio has been met with disbelief by medallion owners and lenders alike. They question the economics of the plan and

In Response To Taxi Medallion Crisis, City Arrests Debt Collector Who Allegedly

Anthony Medina is accused of impersonating a New York City marshal to intimidate and steal taxi cabs and medallions from taxi owners facing debt payments.

NYCTAXINEWS

New York State 4393 Taxi Medallion Debt Relief Program Act READ. Bill for Taxi Medallion Loan Forgiveness READ. TLC 2022 Preliminary Budget Fact Sheet READ. Joint Public Hearing: March 4 To hear about the difficulties of taxi drivers and livery drivers across New York State WATCH. Curbing FHV Stockpiling in Manhattan Core READ. TLC HEARING 1-26

In NYC, 139 prized yellow taxi medallions will hit the auction block – Curbed NY

The 139 medallions are part of a collection of the 13,587 licensed medallions that are required to operate a yellow taxi in New York City. In 2013, a medallion was worth as much as $1.3 million

$70 million in NYC taxi-cab debt forgiven – MarketWatch

The largest holder of New York City taxi-medallion loans is throwing lifelines to thousands of drivers struggling to survive a collapse in ridership caused by the new coronavirus pandemic.

Meeks and New York City Delegation Reintroduce Bill for Taxi Medallion Loan

New York, NY. – Today, Congressman Gregory W. Meeks, Senior Member of the House Financial Services Committee, reintroduced legislation that would provide significant financial relief for overly burdened taxi medallion owners by not considering debt forgiveness they receive as income for tax purposes. The bill, H.R.

Taxi Medallion Owners and Their Families are Still Suffering

While the average medallion owner’s debt is $500,000, with industry business down 90%, the mayor’s plan is to have drivers take out $20,000 loans from the city as a payment to lenders. The city is not just failing taxi drivers. New York state legislators are also negotiating the value of Uber and Lyft drivers as they are currently working

NYC taxi drivers convoy to Minnesota to protest Edina investor's HQ – StarTribune.com

Of the nearly 13,600 taxi medallions in New York City, O’Brien said the company owns 2% of market share, which includes loans for 323 taxi medallions.

Group of NYC cab drivers heading to Minnesota to protest investment firm that holds

The New York Taxi Workers Alliance says OSP holds around 300 loans on taxi medallions. Sen. Chuck Schumer said the company has refused to join the city’s debt relief program for cabbies. “Why did

New York Attorney General Accuses N.Y.C. of Fraud Over Taxi Crisis – The New York Times

New York Attorney General Accuses N.Y.C. of Fraud Over Taxi Crisis The state’s attorney general is seeking $810 million from the city to compensate financially struggling taxi medallion owners.

40% of striking New York taxi drivers are South Asians: Jaslin Kaur, city council

Jaslin Kaur, former city council candidate for Queens has been on the forefront of taxi medallion debt crisis. A daughter of a New York taxi driver herself, Kaur has been on a hunger strike along

Meeks and New York Delegation Announce Bill to Help Relieve Taxi Medallion Owners of

New York, NY – Today, Congressman Gregory Meeks unveiled legislation that would help provide some financial relief for taxi medallion owners by not considering debt forgiveness they receive as income. He was joined by Members of the New York City and Long Island delegations, State and City elected officials, the Taxi Workers Alliance (TWA), and Representatives Carolyn Maloney, Nydia Velazquez

NYC Taxi Medallion Owners Are Screwed – YouTube

Imagine seeing your retirement account balloon to $1.3 million and then crash to $140,000. That’s essentially what’s happened to thousands of New York City t

How Uber Is Actually Killing the Value of a New York City Taxi Medallion – TheStreet

NEW YORK — Since New York City taxi-meter revenue peaked in May 2013 at $599 per day per medallion, according to the New York Taxi and Limousine Commission, the average taxi-medallion owner has

46 New York City taxi medallions are on the auction block – New York Business Journal

Islip, New York-based auctioneer Maltz Auction s Inc. announced it will sell up to 46 New York City taxi medallions next month — cars that once belonged to a number of now bankrupt estates