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NYC Launches Taxi Medallion Relief Fund


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Taxi cab drivers stop traffic on the Brooklyn Bridge on Sept. 17 during a day of action calling for debt forgiveness for loss of income amid work shortage due to the coronavirus. (Michael M. Santiago/Getty Images)
NEW YORK CITY A new fund will provide much-needed relief for New York City s taxi drivers who owe big on medallions.
But the $65 million Taxi Medallion Driver-Owner Relief Fund announced Tuesday by Mayor Bill de Blasio falls short of full forgiveness that many taxi drivers sought.
As documented in a series of New York Times stories, many taxi drivers owe hundreds of thousands of dollars in predatory medallion arrangements. ....

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