A single passenger will be charged $3.25 when the cabbie starts the meter.
It's part of an ordinance passed by the City Council Wednesday. The goal is to make Chicago's cab fleet more modern and fuel-efficient while easing the burden on taxi companies to comply with new regulations.
Among the changes are new mileage standards meant to prevent older cars from being used as taxis. Cabbies will also be limited to driving no more than 12 hours a day.
The reforms are set to take effect this summer.