♿🚖 WAV TIF Proposals Appear To *REDUCE* Overall Payments To Drivers

Yesterday's public hearing & AM conversations with industry experts indicate TLC's new TIF proposals might *REDUCE* overall WAV TIF-related payouts. Public testimony should be reflected in new rules

Going into yesterday’s public hearing, our initial thoughts were TLC’s newly proposed Taxi Improvement Fund (TIF) rules & payouts amendments were going to be a net positive for the taxi medallion industry and would encourage the adoption of wheelchair accessible vehicles (WAVs) via increased financial incentives. We were wrong.

After listening to yesterday’s public testimony and speaking to several industry operators and experts, it actually appears TLC’s proposals reduce (👀) overall payouts to drivers and medallion owners that “hack up” WAVs. If the proposed rule changes are passed, as currently written, it would be yet another misstep by David Do’s Taxi & Limousine Commission (TLC).

Similar to what happened with the passage of the Green Rides Initiative that essentially ignored a lot of the public testimony, our fear is Chair Do and his Commission will not adjust their proposals based on public feedback.

Taxi Improvement Fund (TIF)

Let’s quickly go over the basics, what is TIF, what …