While the saga between taxicabs and UberX seems endless, the City of Toronto might finally help both parties get along thanks to a new proposal drafted by the municipal standards and licensing division.

According to the Star, this city branch is proposing to lower the taxi flat fee $1 from $4.25 to $3.25. It's recommending that the other fees, such as $0.25 for each additional 0.143 kilometre, remain intact.

One of the main criticisms against UberX drivers is that they're unlicensed. In council's attempt to regulate this ride-sharing service, however, staff suggest it could incorporate Uber into a bylaw with the creation of a new licensing category known as the Transportation Network Companies.

Just yesterday, Beck Taxi began an online campaign and petition asking the city to lower cab fares. And, Uber Toronto announced a partnership with Intact Financial Corp. to start offering insurance policies for its driver. There's still no word on what these plans will look like.

Toronto's municipal licensing and standards will release its full proposal later today, though any recommendations made will be subject to approval by city council.

What do you think of the city's attempt to regulate Uber? Let us know in the comments.

Photo by Tasos