NEW THIS MORNING

NEW THIS MORNING:

* New York Citys Taxi and Limousine Commission will formally consider a proposal from the yellow cab industry that would raise taxi fares by as much as 20 percent, a significant increase to a pricing structure that has been unchanged since 2006, the New York Times says: http://nyti.ms/JLo7gZ

* A Bronx Supreme Court Justice told officials from Soundview Healthcare Network that rather than suing the state for withholding $312,000 in Medicare funds, the dying charity should sue ex-State Sen. Pedro Espada to recoup the $500,000 hes been convicted of stealing, the Post reports: http://nyp.st/Jkhxww

* Gov. Andrew Cuomo has made a bill to crack down on cyber-bullying among his top remaining legislative priorities for the year, and has been in talks with lawmakers in a bid to reach an agreement on it before the Legislatures session ends in June, the Daily News writes: http://nydn.us/JJrhld

* Albany County District Attorney David Soares’ girlfriend, whose job as a secretary in his office has sparked controversy and promised to become a thorny campaign issue, has been transferred out of the district attorney’s office, the Times Union reports: http://bit.ly/KYIrJK

* MTA officials revealed that a plan to bring the Long Island Rail Road into Grand Central is now nearly $1 billion dollars over budget, after years of engineering and construction problems, the Post says: http://nyp.st/Ka8jkF

* The Department of Financial Services is investigating whether two insurance companies that write policies for financially troubled homeowners paid kickbacks to banks disguised as commissions, the Times reports: http://nyti.ms/K7FpkR

* Nik Wallenda, who will soon attempt to walk across the Niagara Falls on a two-inch wire, is being forced to wear a tether for his own safety by ABC, which is broadcasting a three-hour special on the walk: http://nyti.ms/MBFX5H

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