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Story summary
- Mayor Zohran Mamdani and Council Speaker Julie Menin announced a deal to phase out horse-drawn carriages.
- The ban on carriage operations will take effect in June 2028.
- Drivers must surrender $400,000 medallions without reimbursement, costing owners like Frank Riccobono their investment.
- The city will aid about 200 drivers transitioning to new jobs despite limited funding for rescued horses.