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To fill the gap of $1 billion a year that would have been raised by congestion pricing, the Governor proposed increasing the MTA payroll mobility tax on certain New York City businesses. Her proposal would have increased the tax on businesses with payroll expenses of more than $1.75 million a year from 0.6 percent of expenses to 0.825 percent ...
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. [155]
"That’s why we fought so hard to successfully exempt our counties from this year’s increase in the MTA payroll tax; that’s why we successfully pushed for the largest west-of-Hudson MTA ...
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.
Just under two months after a State Supreme Court judge ruled that the Metropolitan Transportation Authority's payroll tax was unconstitutional, the MTA announced multiple proposed fare hikes that ...
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 ...
Through Empire's transparency efforts, overtime abuse in the Metropolitan Transit Authority (MTA) was uncovered. [28] Empire discovered that MTA's payroll grew by $418 million in 2018, a large portion of which was from a $119 million increase in overtime. [29] $145 million alone was spent on overtime from the Subway Action Plan.
Local leaders and business people have railed against tax since it was adopted in 2009. Brendan J. O'Reilly , Neighbor Posted Mon, Jan 2, 2012 at 8:20 pm ET | Updated Tue, Jan 3, 2012 at 3:09 pm ET