|
|
Posted: Thursday, 04 December 2008 12:12PM
East River Tolls Among Elements of MTA Financial Plan
|
NEW YORK (AP) -- Drivers would pay to cross the East River and New York City-area companies would be taxed on their payrolls under a new plan to staunch financial bleeding at the Metropolitan Transportation Authority.
LISTEN:
Paterson, Ravitch, and Bloomberg News Conference 
Drivers React to the Idea at the 59th Street Bridge
But transit riders would be spared a potential 23 percent fare increase. A state commission's proposal, released Thursday, calls for boosting MTA fare revenue by 8 percent instead.
The MTA needs to close an estimated $1.4 billion deficit in its operating budget next year and a $3 billion deficit by 2012. The agency is legally required to balance its budget.
Under the state commission's plan, companies in a 12-county area would pay $330 in tax for every $100,000 they pay workers.
|
© MMVIII The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed. Audio Content and Graphic Content © MMVIII WCBS-AM 880.
|
|
|
|
E-Mail Story
Print Story
