Julio 09, 2020

NYC Mayor Wants To Tax The Wealthy To Fund Subway Repairs

09 Agosto 2017, 08:46 | Bibiana Flor

NYC Mayor Wants To Tax The Wealthy To Fund Subway Repairs

NYC Mayor Wants To Tax The Wealthy To Fund Subway Repairs

The governor did not endorse the mayor's proposal, stating instead that, "The State is now evaluating a range of dedicated revenue proposals for the future to be discussed and advanced in January when the legislature returns". That includes a tolling and congestion pricing plan to reduce traffic, encourage public transit use, and generate as much as $1.5 billion a year for bridges, roadways and subways. Under the mayor's plan, an individual making about $1 million would pay about $2,700 more in annual taxes, or about $7 a day. All the while, subway pass fares have been increasing every two years, the most dramatic increase being the cost of a monthly MetroCard rising by $4.50 to $121 in March.

MTA brass on Tuesday got a three-hour grilling from City Council members who were apprehensive about handing the beleaguered transit agency more money for a subway rescue plan.

The added revenue would allow the city to slash subway and bus fares paid by 800,000 low-income New Yorkers. An estimated 800,000 people at or below the federal poverty level would be eligible for the reduced fare, according to the mayor's office.

Facing re-election just as subway riders endure a "summer of hell", de Blasio was caught off guard by demands that he do something.

"Like it or not, it's political gamesmanship, and the mayor has to play that game", said Paul Steely White, executive director of a pedestrian and bicycling advocacy group, Transportation Alternatives, who attended de Blasio's event Monday.

Still, several officials and advocate's groups welcomed the mayor's stepping into the fray, even if they did not agree with his reasoning.

MTA chairman Joe Lhota has said any extra money would be spent on fixing signals, securing power sources and maintaining track and possibly removing seats on subway trains to make room for more passengers.

The state and the city have to pay for the subways' short-term emergency needs now.

"Some questions were answered but there was a lot of specific information that was not provided and that we will need to determine what position we want to take as a Council", Mark-Viverito said. Move NY already enjoys considerable support in the Legislature and among New Yorkers. It's unclear if this new proposed tax would help fund the previously announced renovations.

She is more on board with Cuomo's rumored desire for some sort of congestion pricing fee on vehicular travel to and around Manhattan. The mayor estimates the tax rate would affect 32,000 tax filers.

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