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Cuomo also wants to force the city to fully fund the New York City Transit Authority's "capital needs," which add up to $16.7 billion in that MTA plan.
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.
NEW YORK CITY — New Yorkers' Netflix subscriptions could get more expensive to keep their MTA swipes at $2.75, according to a new report.
Several other entities, including the Metropolitan Transportation Authority (MTA), the Partnership for New York City, and the New York League of Conservation Voters, supported the proposed congestion pricing.
The MTA tax rate is .0034 or .34%, meaning that small businesses pay $3.40 for every $1,000 of payroll.
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.
New York State Assembylman Ken Zebrowski called for action by the state legislature in the wake of an appeals court ruling that the Metropolitan Transit Authority payroll tax is constitutional.
The New York City Transit Authority (trading as MTA New York City Transit) provides bus, subway, and paratransit service throughout New York City.
The MTA would cover about half the cost of the extension while the federal government would foot the rest of the bill, according to the transit agency. Station And Track Fixes
Earlier plans. The New York State Legislature granted a charter to the New York City Central Underground Company to give it power to construct a subway line in 1868. However, the charter made it impossible for the company to raise adequate money to fund the line's construction.