POWER CORNER Jacobs on his vision for the state’s Democratic party PAGE 11
ASKED & ANSWERED Why the legal cannabis rollout actually isn’t off to a slow start PAGE 7
CRAINSNEWYORK.COM
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FEBRUARY 27, 2023
TRANSPORTATION
Get outta town: Suburbs balk at paying ‘unfair’ MTA tax
IMMIGRATION
City legislators say plan doesn’t go far enough BY CAROLINE SPIVACK
S
uburban lawmakers want to derail Gov. Kathy Hochul’s proposal to raise the payroll mobility tax on New York metropolitan area businesses. The governor unveiled her plan for the tax increase this month as part of her budget proposal, estimating it would raise $800 million a year toward funding the Metropolitan Transportation Authority’s pandemic-induced, $4.5 billion budget deficit over the next four years. But some lawmakers in the THE ESTIMATED city’s northern amount the tax and eastern would raise per suburbs are callyear. ing for an exemption for their constituents, saying they THE MTA’S do not equally COVID-induced benefit from budget deficit MTA service. over the next four Their protests years. add to a chorus of concerns over Hochul’s plan. In New York City, multiple legislators oppose the tax increase as too modest. Instead, they want to see an increase to the state’s corporation tax to fund the beleaguered transportation authority. The Adams administration, meanwhile, has opposed the state’s call for the city to increase its annual contribution to the MTA by $500 million, saying it’s financially untenable. The uproar forecasts charged
HOCHUL’S PROPOSAL
A 56% DROP IN IMMIGRATION HITS NEW YORK BUCK ENNIS
The decrease in new arrivals is bad for business in a city that depends on foreign-born workers PAGE 15
$800M $4.5B
See TAX on page 22
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