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ADAMS’ WORKING PEOPLE’S AGENDA: Promising to make the City more affordable, safer, cleaner, and more livable, New York City Mayor Eric Adams outlined on Jan. 26 a “Working People’s Agenda” in his second State of the City address, delivered at the Queens Theatre in Flushing Meadows Corona Park. Mayor Adams’ agenda is built on four
Over $350 million of taxi medallion debt has been forgiven under the city's Medallion Relief Program for distressed cabbies, Mayor Eric Adams announced Tuesday.
If approved, the new rules would increase the meter rate and set a new flat fee for trips to JFK Airport.
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For yellow cabbies used to zipping back and forth across the city’s often Hobbesian (look it up) streets, their most nerve-wracking journey has been the one to the city’s Medallion Relief Program Plus, local government’s second attempt to help driver-owners pull themselves out of the deep financial potholes in which they found themselves after borrowing heavily for medallions whose value crashed.
New York mayor Eric Adams and the New York City Taxi and Limousine Commission announced an agreement with the city's largest medallion lender to provide debt relief to owners.