The MTA may be able to keep single subway and bus fares under $3 this year if Gov. Kathy Hochul’s preliminary budget makes it through the gauntlet of legislative approval.
Make your contribution now and help Gothamist thrive in 2023.The MTA may be able to keep single subway and bus fares under $3 this year — and potentially establish a free bus line in each borough — if Gov. Kathy Hochul’s preliminary budget makes it through the gauntlet of legislative approval.
Part of the challenge of the state budget was finding $600 million to close the MTA’s budget gap this year, and more than $1 billion annually in the coming years. One controversial solution for providing more recurring revenue for the transit agency was increasing the payroll mobility tax on businesses in the region that make more than $312,500 each quarter.Under Hochul’s tentative budget agreement that would increase to .6%, but only to New York City businesses.
“The commuter railroads are really becoming more and more beneficial for New York City people,” Lieber said. “So, I don't like this old separation between commuter railroads and subways, like its city versus suburb. The commuter railroads are being used by New Yorkers more and more.”“I think it’s good that it won’t affect the suburbs.
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