Cab fares going up

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, compared with 11,787 in NY and 6,000 in Chicago.

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Mark Lacter
Mark Lacter created the LA Biz Observed blog in 2006. He posted until the day before his death on Nov. 13, 2013.
Mark Lacter, business writer and editor was 59
The multi-talented Mark Lacter
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