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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.
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.
NEW YORK CITY — New Yorkers' Netflix subscriptions could get more expensive to keep their MTA swipes at $2.75, according to a new report.
In 2009, New York enacted the Metropolitan Commuter Transportation Mobility Tax, a 0.34% levy on payrolls and self-employment earnings in New York City and Nassau, Suffolk, Westchester, Rockland, Orange, Putnam, and Dutchess counties.
The New York City Transit Authority (also known as NYCTA, the TA, or simply Transit, and branded as MTA New York City Transit) is a public-benefit corporation in the U.S. state of New York that operates public transportation in New York City.
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...
A majority of the MTA board voted in favor of New York City congestion pricing, green-lighting the controversial plan to charge cars $15 to enter Manhattan.
In New York City, a planned congestion pricing scheme will charge vehicles traveling into or within the central business district of Manhattan. This disincentivizing fee, intended to cut down on traffic congestion and pollution, was first proposed in 2007 and included in the 2019 New York state government budget by the New York State ...
Simply put: for New York City, a toll for cars entering Manhattan below 60th Street. The program — in government lingo — is called the Central Business District Tolling Program . But why?
NEW YORK — New York City's beleaguered subway system is in for a big cash infusion. The Metropolitan Transportation Authority plans to invest more than $37 billion in the subways over the...