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Taxi Costs and Rate
Setting
The Problem:What
should the rates be?
How should rates be set and reviewed?
The Solution:
Hara Associates has many years experience advising regulators
on rate review policy and
efficient mechanisms for
regular review.
A Taxi Cost Index can be developed to facilitate future rate review by
tracking the cost of taxi operation. This method provides empirical
support for regular rate review hearings, and is very cost effective for
any size of jurisdiction.
The Taxi Cost Index is easy and effective to use:
- Calculated for local conditions and costs of operation.
- Easily adjusted to meet changes in local conditions.
- Independent of industry provided financial data.
- Index components freely available from central statistical
agencies.
Rate Structure
Rate structure is a different
question from rate level.
Hara Associates has the
knowledge and experience
to evaluate the structure, and
assess its implications for
quality of service and
methods of operation.
Hara Associates ● (613) 722-5528 ● hara@haraassociates.com ●
166 Glebe Avenue, Ottawa, Ontario, Canada K1S 2C5