As of September 1st, fees at the New York Department of Motor Vehicles
have increased by 25%, according to PostStar.com
. For some local fleet owners, this change has the potential to hit them very hard in the pocket.
Residents of New York will now have to pay $64.50 for the standard
eight-year driver’s license fee as opposed to $50. Registration for an
average passenger vehicle for a two-year period will now cost $55, up
from $44 last year. Commercial vehicle registration fees will increase
from $3 to $52 depending on the weight of the vehicle.
In addition to these increases, all vehicles registered or renewed
after April 2010 will be required to purchase new license plates for a
The DMV has stated that the agency’s fees were raised in order to
help reduce the state’s budget deficit. Any extra money made from the
new fees will finance infrastructure projects.
Tom Mailey, spokesman for Stewart’s Shops
in Sarasota Springs, said the increased fees and new license plate
costs have added to the amount of money his company loses to the state.
With a fleet of over 100 vehicles, the new fees could really add up.
“We’re already in a position where we estimate about a third of
every dollar that’s spent in one of our shops goes out in taxes,” Mailey said.
Photo courtesy of Mrs. Flinger under the Creative Commons License.