Gov. Hochul's proposal to fix a massive budget gap at the MTA includes a tax hike on businesses, revenue from new casinos and a funding boost from New York City.
Make your contribution now and help Gothamist thrive in 2023.Gov. Kathy Hochul seeks to plug a massive budget gap at the MTA with a tax hike on businesses, revenue from new casinos and a funding boost from New York City, her office said on Wednesday.The new revenue streams will be released as part of her executive budget — which state officials said will bring the transit agency another $1.3 billion annually.
The proposal by Hochul — which must be approved by the Legislature — would allow the MTA to avoid draconian service cuts and massive layoffs. For more than a year, MTA Chairman Janno Lieber has called for new dedicated revenue streams to balance the agency’s books.
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