Sentences with phrase «mta mobility tax»

Legislator Day's Resolution Calls Upon the State Legislature and Governor to Phase Out MTA Mobility Tax by 2017 added by dskriloff on July 4, 2013 View all posts by dskriloff →

Not exact matches

The key to this whole thing is going to be Governor Cuomo's budget proposal to direct the Payroll Mobility Tax directly to the MTA.

Repealing the payroll mobility tax, passed along strict party lines as part of the 2009 MTA funding package, is a top priority for many suburban State Senate candidates, especially Republicans.

The payroll mobility tax will be cut by $ 250 million under the deal, though the MTA will be reimbursed for its losses.

All the way back in the halcyon days of 2011, when proud centrist Andrew Cuomo reached a tax deal with Republicans in the State Senate, exempting private schools, small businesses, and other groups from having to pay the payroll mobility tax, which put $ 320 million into the MTA's pockets every year.

The fate of the payroll mobility tax, which brings in $ 1.34 billion a year to the MTA, just grew a little shakier.

Andrew Cuomo continues to leave the door open for cuts or changes to the NYC region's payroll mobility tax, which raises $ 1.34 billion annually for the MTA.

In a 40 - 22 vote last night, the State Senate voted to phase out the payroll mobility tax, which generates about $ 1.5 billion per year for the MTA.

Though most of the exemptions in the budget sweep were required by law, one of only a handful of discretionary exemptions was the payroll mobility tax, which raises over $ 1 billion a year for the MTA.

The mobility tax was introduced in 2009 to assist the financially strapped MTA and levied a tax of 34 cents per every $ 100 of payroll paid by employers in the 12 - county MTA region, including all levels of government and not for profits.

Day subsequently sponsored a resolution calling upon the state to eliminate the mobility tax burden for Rockland, as well as Orange, Dutchess and Putnam Counties, whose collective representation on the MTA board amounts to a vote of one.

Day also pointed out that Rockland conveyed $ 90 million to the MTA but only received $ 45 million back in services, a value gap that would increase to $ 63 million with the imposition of the mobility tax.

Revenues generated by the MTA Payroll Mobility Tax would be collected by the MTA, rather than the state, as has been the practice since the tax was created in 20Tax would be collected by the MTA, rather than the state, as has been the practice since the tax was created in 20tax was created in 2009.

«The deal must be structured so that the flow of Payroll Mobility Tax funds to the MTA is uninterrupted.»

Cuomo's office defended the governor's subway record in a statement, citing funding of the state's half of the Subway Action Plan, a proposal to send mobility tax revenue directly to the MTA and an $ 8.6 billion investment in the capital program.

He noted the state currently collects and doles out the Payroll Mobility Tax to the MTA.

«For the MTA, currently the state collects what's called a Payroll Mobility Tax, which is $ 1.6 billion,» the governor added.

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.

Under Governor Cuomo's leadership, we were able to eliminate the mobility tax for 25,000 small businesses in Westchester alone and now that the MTA has begun to stabilize its finances by controlling costs rather then balancing the books on the backs of suburban taxpayers, we can deliver real relief to Westchester residents.