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According to numerous sources, Hochul is now trying to pressure the state legislature to increase taxes on businesses – even though there are 24 hours left of the legislative year.
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.
Chief among them is raising the state’s payroll mobility tax from 0.34 percent to 0.5 percent, Hochul said. Doing so will yield $1 billion for the MTA, she said.
On Thursday, she was scrambling to get support for her proposal to hike a business tax as a way of replacing the $1 billion per year the tolls had been expected to raise for New York's ailing ...
The state Senate has passed legislation to derail the payroll tax put in place last year to rescue the Metropolitan Transportation Authority from a big budget deficit.
Skoufis and Zebrowski said they wanted to thank MTA Chairman Janno Lieber and the MTA board. Commuters from West of the Hudson River are critical to the New York City and state economies, said ...
Ball Announces Plan to Phase-Out MTA Payroll Tax - Yorktown-Somers, NY - NYS Senators Greg Ball and Lee Zeldin presented their plan to phase-out the MTA payroll tax during a press conference in ...
The MTA is proposing to increase fare and toll revenues by 7.5 percent in January 2011. As proposed, this increase could mean as much as a 9.4 percent fare increase for Long Island Rail Road commuters