|
|
Posted: Wednesday, 03 December 2008 5:16PM
New York Governor Paterson: Panel to Suggest Smaller MTA Hike
|
NEW YORK (AP) -- New York officials say a panel examining the Metropolitan Transportation Authority's finances will recommend slashing a proposed fare hike but imposing a new business tax to help the transit agency plug a giant budget gap.
Gov. David Paterson said Wednesday that the commission is poised to suggest an 8 percent fare increase to help close an estimated $1.4 billion deficit in the MTA's operating budget next year. The MTA proposed a 23 percent fare hike last month.
A state official familiar with the recommendations says they also would include a payroll tax on businesses; it's unclear what the rate might be or whether it would apply statewide. The official spoke on the condition of anonymity because the report hasn't been released.
|
|
|
|
|
E-Mail Story
Print Story
