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.
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.
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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