So the MTA won't be collecting this money from the dedicated payroll mobility tax, but from the state's general fund. (nyc.streetsblog.org)
The payroll mobility tax will be cut by $ 250 million under the deal, though the MTA will be reimbursed for its losses. (nyc.streetsblog.org)
The governor said the state will provide $ 254 million in operating aid to fully fund its half of the cost using $ 194 million in previously unallocated monetary settlements and the accelerated transfer of Payroll Mobility Tax revenue to the MTA by eliminating the need for the $ 60 million annual appropriation. (observer.com)