Keep up with essential planning news and commentary, delivered to your inbox every Monday and Thursday.
New York Mayor: Tax the Rich to Pay for Transit
"Mayor Bill de Blasio plans to push for a tax on wealthy New Yorkers to pay for improvements needed to address the crisis engulfing New York City’s subway," reports Emma G. Fitzsimmons.
"Mr. de Blasio will announce a so-called millionaires tax on Monday for wealthy New York City residents to pay for subway and bus upgrades and for reduced fares for more riders, an idea that has been successful in Seattle," adds Fitzsimmons. The new funding would allow low-income riders reduced fares while riding the system. The proposal is modeled on the example of Seattle, which has a similar program that has proven popular, according to the article.
Fitzsimmons describes the move as a salvo in the ongoing political battle between Mayor de Blasio and Governor Andrew Cuomo over the state of transit in and around New York City. Governor Cuomo declared the New York subway system in a "state of emergency" in June, and the Metropolitan Transportation Authority is offering three prizes of $1 million each to the best crowdsourced ideas for fixing the subway.