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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.
A complex mix of federal, state, county and city tax dollars as well as bonds and fare box revenue funds Metro. The Metro budget for 2020 is $7.2 billion. Below is the funding breakdown from Metro's fiscal year 2020 budget:
NYS Senators Greg Ball and Lee Zeldin presented their plan to phase-out the MTA payroll tax during a press conference in Yorktown on Wednesday. Plamena Pesheva , Patch Staff Posted Thu, Jun 9...
The tax rate schedules give tax rates for given levels of taxable income. There is a complex relationship between taxable income and actual income, making it difficult to draw conclusions from the tables.
Partial Rollback Of The MTA Payroll Tax A Beginning - New City, NY - County legislators say Rocklanders have paid $18 million yearly
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.
The Martins-Zeldin plan calls for the MTA Payroll Tax to be phased out each year until 2014, when it will be completely eliminated.
Rockland County is supporting for a state Senate proposal that would scrap the MTA’s payroll tax imposed in 2010 to cover the agency’s budget gap.
Thursday I joined Nassau County Executive Edward Mangano, and other Long Island officials to by Judge R. Bruce Cozzens, which declared the MTA Payroll Tax unconstitutional.
Hauppauge public entities and nonprofits glad to see partial repeal of the MTA Payroll Tax, but hope it's only the first step. Sara Walsh , Patch Staff Posted Wed, Dec 14, 2011 at 11:44 pm ET...