MTA Budget Woes Could Decide Fate of New York Tax Proposals

The most important tax debate in New York’s budget discussions is shaping up to occur behind closed doors.

State lawmakers are offering little insight as to how they plan to fill a $35.4 billion hole in the Metropolitan Transportation Authority’s multi-year capital plan, which manages key infrastructure updates for New York City subways and commuter rail lines, after leaders in the Senate and Assembly in December rejected the spending proposal by the MTA board because about half of it was unfunded. Gov. Kathy Hochul (D) effectively controls the body.

New “revenue sources could include an increase to the payroll mobility ...