Beginning November 1, the base fare to enter a taxicab will be $3.25. This $1 decrease was approved by Toronto City Council at its September meeting.Although some meters may not reflect the reduction right away, taxicabs must charge this reduced rate to passengers starting November 1.“Toronto should have a competitive taxicab industry that serves both the public and drivers well. That’s why I supported Council’s decision to reduce the minimum fare paid by the public by $1,” said Mayor John Tory. “This will make moving around the city more affordable for the public, and it will help the traditional taxicab industry compete.”In addition to the reduction in fares for taxicabs, the City is issuing 100 new Toronto Taxicab Licences (TTLs) to drivers on the waiting list. Toronto Taxicab Licences are owner-operated and wheelchair accessible.Transportation within the city is an important issue. At the direction of City Council, Municipal Licensing and Standards' staff are researching and developing regulations for all ground transportation service providers including taxis, limousines and other vehicles for hire and will report back to Council in spring of 2016 on the findings. Meeting the City's objectives for accessibility standards will also be part of this report.