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On February 1, 2023, as part of her Executive Budget proposal to the New York State Legislature, Governor Kathy Hochul proposed raising the MTA payroll tax, a move projected to increase revenue by $800 million, and also giving the MTA some of the money from casinos expected at present to be licensed soon for business in Manhattan.
This tax is expected to fund $120 billion in highway and transit projects over 40 years. The tax is also expected to support over 778,000 jobs in the Los Angeles area and $79.3 billion in economic output.
MTA officials had publicly stated in mid-2021 that the agency was earning enough from state taxes to pay for its capital upgrades and that it did not need congestion pricing funds for its 2020–2024 Capital Program.
Under the proposal, the MTA could collect new property taxes in those districts to fund projects worth $100 million or more in what's known as a "value capture" program.
The MTA tax rate is .0034 or .34%, meaning that small businesses pay $3.40 for every $1,000 of payroll. So, if your annual payroll is $100,000, you only end up paying an extra $340 worth of tax ...
The potential tax would go toward raising the $1 billion the MTA needs to avoid a planned fare hike for subways and buses to $3, the report states.
Measure R was a ballot measure during the November 2008 elections in Los Angeles County, California, that proposed a half-cent sales taxes increase on each dollar of taxable sales (originating in or made from Los Angeles County) for thirty years in order to pay for transportation projects and improvements.
This tax, known popularly as the "mobility tax", or the "MTA tax", is intended to provide funds for the Metropolitan Transportation Authority, which transports many of the region's commuters. Philadelphia has a 3.924% wage tax on residents and a 3.495% tax on non-residents for wages earned in the city as of August 2013.
New Jersey agreed to free public transportation for World Cup ticket holders — even as NJ Transit recently approved a 15% fare hike to plug budget deficits — possible state tax exemptions and ...
The Tri-Cities transit agency stands to lose up to $200 million in funding by 2037 if the sales tax reduction is passed, according to a presentation set for the board’s Thursday meeting, April 11.