Title
Dept/ Agency: Offices of Municipal Council/City Clerk
Action: ( ) Ratifying (X) Authorizing ( ) Amending
Type of Service: Resolution of Support
Purpose: Supporting taxicab-auto cab owners efforts to defeat
Senate Bill-S-2841 that will increase minimum liability coverage.
Sponsor(s): Council Member, Luis A. Quintana
Additional Information:
Senate Bill S-2841 will impose disproportionate requirements on the professional taxi industry by raising the minimum amount of liability coverage, thereby increasing their high operating costs and putting some owners out of business.
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WHEREAS, Passage of Senate Bill S-2841 will impose another financial burden to the taxi cab-autocab industry, which since the introduction of ride-sharing companies, has drastically transformed the industry; and
WHEREAS, unlike ride-sharing companies that offer easy entry and few regulatory restrictions for operators, taxicab-autocab drivers continue to face increased insurance coverage costs and premiums, gas and maintenance costs, increased safety standards regulatory costs and inspections; in addition to, regulations on the costs they can charge the consumers and where and how they pick-up riders; and
WHEREAS, the additional insurance costs proposed by Senate Bill S-2841 only adds to the ever-increasing burdens faces by professional taxi drivers, leading to the eventual elimination of the New Jersey taxi cab-autocab industry and the joblessness and financial ruins of thousands of hardworking men and women.
NOW, THEREFORE, BE IT RESOLVED BY THE MUNICIPAL COUNCIL OF THE CITY OF NEWARK, NEW JERSEY, THAT:
1. The Municipal Council on behalf of the City of Newark strongly support the position of taxicabs-autocab owners of New Jersey on their disapproval of Senate Bill S-2841 that will increase the minimum liability coverage required and effectively put professional taxi drivers out of busi...
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