A bipartisan group of suburban New York lawmakers want their regions to be exempted from a proposed payroll tax increase being pitched by Gov. Kathy Hochul to help bail out the Metropolitan Transportation Authority.
President Joe Biden visited New York Tuesday to tout how his infrastructure law is making investments in the nation’s transportation system, and deliver a $300 million federal grant for a long-delayed Hudson Tunnel project.
The New Jersey Turnpike Authority has approved a deal to make tens of millions of dollars in annual loan payments to finance New Jersey’s share of a $16 billion rail tunnel project.
Officials with New York’s Metropolitan Transportation Authority laid out a proposal to its Board Wednesday, to address the $11.4 billion in budget deficits it faces over the next four years, and may include the first fare increase since April 2019.
A key New York board gave its initial authorization Wednesday to a plan for funding the Penn Station redevelopment proposed by Gov. Kathy Hochul earlier this week.
New York City Mayor Eric Adams told reporters Friday that any plans to implement new security equipment or bolster police presence in the subway system would not add any burden to the taxpayers.