Medallion

Follow-Up on BACP Taxicab Medallion Auction and Safety Inspections

The City of Chicago Office of Inspector General (OIG) has completed a follow-up to its March 2015 audit of the Department of Business Affairs and Consumer Protection’s (BACP) administration of taxicab regulations in 2013. OIG concludes that BACP has implemented corrective actions related to three of the original four audit findings. Corrective action on the … [Read More…]

Audit of BACP Taxicab Medallion Auction and Safety Inspections

Taxicab regulation generates a significant amount of revenue for the City, in 2013 medallion transfer fees alone generated $6.5 million. OIG’s audit examined taxicab regulation during 2013, focusing on the medallion auction process and taxicab safety inspections. In 2013 the Department of Business Affairs and Consumer Protection (BACP) held the first medallion auction since 2010, when it … [Read More…]