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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.
Hochul Unveils $227B State Budget For 2024: What It Means For NYC - New York City, NY - An MTA bailout, money for the migrant crisis, bail reform and more are all in Gov. Kathy Hochul's proposed ...
The New York City Transit Authority (also known as NYCTA, the TA, [2] or simply Transit, [3] 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. Part of the Metropolitan Transportation Authority, the busiest and largest transit system in ...
The deal proposes to do this by raising the state's payroll mobility tax for New York City's largest businesses, Hochul said. New York City itself also will have to pony up $165 million...
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. [8] 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 YORK, NY — The MTA and New York City reached a deal in the midst of a pandemic to redevelop the transit authority's former Madison Avenue headquarters and generate $1 billion for the MTA ...