The City Council signed off on a 10.4 percent increase, with the current fare of $2.20 per mile increasing to $2.45 per mile. All this assumes that Mayor Antonio Villaraigosa goes along with the plan. The city's Taxicab Commission approved the fare increase in August, citing higher gasoline prices (a $1 fuel surcharge is being dropped). Of course, it's now almost November and gas prices have tumbled. Did you know: L.A. has 2,300 licensed cabs,...
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Mark Lacter covered business, the economy and more here from 2006 until his death on Nov. 13, 2013.The entire LA Biz Observed archive — more than 10,000 blog posts by Mark — remains online and available.
Mark LacterMark Lacter created the LA Biz Observed blog in 2006. He posted until the day before his death on Nov. 13, 2013.
The multi-talented Mark Lacter
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