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.
Meadowlands Stadium Construction Update - 7/6/2009 They're still working on the new home of the Giants and Jets football teams. Check out these photographs of taken over the Meadowlands in East Rutherford, NJ by Tom Kaminski in Chopper 880.
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