NY Lawmakers Consider Payroll Tax Hike to Fund MTA Capital Plan

New York Gov. Kathy Hochul (D) and legislative leaders are approaching a deal to raise the top rate of the state’s payroll mobility tax to help fill a $35.4 billion hole in the Metropolitan Transportation Authority’s multi-year capital plan.

Discussions are ongoing, but elected officials are considering advancing a funding plan that would increase taxes on certain employers in areas served by the regional transit system while calling on the MTA to do more to combat fare evasion, Blake Washington, Hochul’s budget director said Wednesday. The state and New York City have already agreed to each contribute $3 billion to ...