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A fare increase could be on the way for New York taxi drivers.

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The proposed changes will be the first increase in taxi fares in 10 years, with passenger fares rising by about 23%.

Regulators say that if fares are eventually raised, drivers’ incomes will rise by 33.3%.

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“Our proposals to increase taxi fares and driver pay ensure that drivers can cover their increased costs while continuing to provide mobility options in the five districts, and I look forward to hearing from drivers and passengers at our upcoming public hearings.” the TLC commissioner said. The announcement was made by David Do in a statement emailed to FOX Business on Thursday.

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Additional offerings include an increase in the base rate from $2.50 to $3 and a $0.20 increase in the extra unit charge.

The Taxi Improvement Surcharge and the Hail Street Paint Improvement Surcharge will rise to $1, as well as the Overnight and peak hour surcharge rises to $2.50.

Fixed fares to New York airports will also be higher.

Fixed fares for taxis and SHL between Manhattan and John F. Kennedy International Airport will increase from $52 to $65.

New York John F. Kennedy International Airport

During rush hour, the JFK surcharge will increase from $4.50 to $5.00.

The new $5 surcharge will apply to all taxi rides to and from LaGuardia Airport and all SHL rides to and from the airport outside of the hail’s restricted area.

Taxi fares to Newark Liberty International Airport will be increased from $17.50 to $20.

yellow taxi

“NYTWA members who drive Uber and Lyft, as well as yellow and green cabs, have banded together in unity campaigns to get a pay raise for ALL of New York’s professional drivers. And we are on the way to victory!” The New York Taxi Workers Alliance tweeted on Wednesday.

“@nyctaxi has heeded our call for #raiseforAll and announced proposed rulemaking to increase yellow and green cab fares and raise the minimum pay standard for app drivers,” the post reads. “Our fight continues! These raises are the first step towards a decent salary.”

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The alliance said drivers need to limit both taxi and rental car rentals in order to limit driver spending, increase yellow cab fares, and increase pay for app drivers making out-of-town trips.

A public hearing on the proposal will take place on 6 October.