Cabbies Run Down in Sour Economy

Much of the decrease in fares has occurred in the Financial District, usually filled with Wall Street types

The bad economy may be having an impact on New York City's storied taxi fleet.

Statistics released Friday show that city cabbies reported taking 12,000 fewer trips in February and March than in the two previous months.

The New York Taxi Workers Alliance says people in the city are probably trying to save money by taking less expensive forms of transportation.

A spokesman for the group says much of the decrease in fares has occurred in the Financial District, usually filled with Wall Street types who can easily fork over money for a cab ride.

Drivers are protesting a bill that would impose a $1 tax on cab fares.  That move is part of a range of measures proposed to try and shore up the MTA's massive budget shortfall and stave off a massive fare hike set for May 31.

Copyright AP - Associated Press
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