City approves increase in cab fares, first raise for taxi drivers in a decade

Base fares for yellow and green cabs will increase from $2.50 to $3, with unit rates increasing from 50 to 70 cents. Rush hour and overnight surcharges will go to $2.50 and $1, respectively. Flat fares to Kennedy Airport will increase from $52 to $70, while LaGuardia runs will add a $5 surcharge.