Sentences with phrase «capturing city sales tax»
The concept of capturing city sales tax is based on how the state handled the savings realized from STARC bond refinancing.
http://thebronxchronicle.com/ Not exact matches
The bill, backed by IDC Leader Jeff Klein of the Bronx, would capture six percet of the city's sales tax revenue for a one - time revenue bump that would help make repairs to the subway.
Bronx Sen. Jeff Klein (D - Bronx) also said negotiations were «on track» to include his plan to capture a portion of the city's sales tax revenue and use it to fund emergency repairs to the subway system — something the city has so far balked at doing.
The legislation captures an infinitesimal six percent of city sales tax, for a one - time need, in order to make desperate repairs to a degraded subway system that serves its residents and businesses.
(There is no fee in New York City, but ride - hail trips are captured by sales tax.)