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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 to operate. Several major cities in the US use these in their taxi licensing systems, including New York City, Boston, Chicago, Philadelphia, and San Francisco.
The New York City Taxi and Limousine Commission has enforced strict requirements for the color of medallion taxicabs since the late 1960s. [102] According to the Rules of New York City, "The exterior of the vehicle must be painted taxi yellow (Dupont M6284 or its equivalent), except for trim. Samples of paint color and shade are to be submitted ...
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The agency's responsibilities include protecting public safety and consumer rights, issuing and regulating licenses, setting and enforcing the fare rate in taxis, limiting taxi lease rates, and overseeing the sale of taxi medallions. The TLC licenses about 170,000 professional drivers in New York City.
New York City's taxi fleet doesn't provide a good living for a lucky few investors. It provides a great one. Taxi medallions have outperformed practically every investment imaginable -- including ...
After years of protests, hunger strikes and pleas to the city government, 3,000 debt-ridden New York City taxi drivers will be getting a new start. After years of protests, hunger strikes and ...
The taxicabs of the United States make up a mature system; most U.S. cities have a licensing scheme which restricts the number of taxicabs allowed. As of 2012 the total number of taxi cab drivers in the United States is 233,900; the average annual salary of a taxi cab driver is $22,820 and the expected percent job increase over the next 10 years is 16%.
More than $200 million in debt held by struggling yellow taxi medallion owners has been wiped off the books, Mayor Adams said Friday. Through a program negotiated last year by former Mayor Bill de ...
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