The money already came from the sale of the medallions. It isn&#x27;t a yearly fee, which is good, since at 150m taxi rides per year, that would increase the price of each ride by at least $100.<p>Though medallion sales also aren&#x27;t worth anything near $15b, anyway -- the 1.2m figure is what medallion sales peaked at. Most sold for significantly less in the past.<p>Normally very few new medallions come up for auction; the city knows their value is in their scarcity. Though the current budget[1] accounts for some $400m per year from medallion sales, mostly from the continuing rollout of green&#x2F;boro cabs, which, if coming from the rest of the system instead, would still be a pretty significant fare hike per ride.<p>1: <a href="http:&#x2F;&#x2F;council.nyc.gov&#x2F;downloads&#x2F;pdf&#x2F;budget&#x2F;2015&#x2F;taxi.pdf" rel="nofollow">http:&#x2F;&#x2F;council.nyc.gov&#x2F;downloads&#x2F;pdf&#x2F;budget&#x2F;2015&#x2F;taxi.pdf</a>