AUSTIN (KXAN) — Five days after Proposition 1 failed, the City of Austin’s Transportation Department (ATD) is suggesting the city deregulate the taxicab industry to create a more “level playing field.

The extra dollar would come on the flag pull, and Aldermen Ed Burke and Carrie Austin estimate it would raise $70 million a year. But that money would not go to cabbies. The city would get it to help ...