More than 1,000 taxi medallion owners are getting much-needed financial relief.
Mayor Eric Adams says $225 million was wiped off the books to ease the financial burden on taxi drivers.
"Recent years, the medallion owners and drivers have been burdened by crippling debt, and we did not want to sit on the sideline and watch this continue to happen. It's crushed dreams, and it crushed families," Adams said Friday.Drivers took advantage of the medallion relief program that restructures their loans so the debt is more affordable.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
New production targets for Sandfire as Simich steps downCopper/gold miner Sandfire Resources has lifted its production guidance for 2023, announced the departure of its MD and CEO, Karl Simich, and completed a key financing milestone for its Motheo project, in Botswana. Sandfire on Friday announced that group production for the 2023 financial year is now targeted at between 83 000 t to 91 000 t of copper, up from the previous estimate of between 81 000 t and 89 000 t of copper.
Read more »
NYC’s Council Speaker Wants to Roll Back Pandemic-Era Outdoor DiningMayor Eric Adams, however, remains in support of the program.
Read more »
'Unfair, unconstitutional and unwise': Brnovich sues Biden administration over student loan forgivenessMore than nine out of 10 student borrowers in Arizona — about 811,000 people — are expected to benefit from the program that erases up to $20K in debt
Read more »
New bill would require NYPD and city officials to study how illegal guns enter NYCMayor Eric Adams has expressed support for two City Council bills he says will help stem gun violence in the city. One of them would require officials to study the flow of illicit firearms into the city and propose potential solutions.
Read more »