Sentences with phrase «mobility tax»

So the MTA won't be collecting this money from the dedicated payroll mobility tax, but from the state's general fund.

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

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.

The plan, whose details will be sorted out shortly in a special legislative session, calls for a $ 250 million cut to the M.T.A. - dedicated payroll mobility tax for small businesses.

New City, NY (July 3, 2013)-- Rockland County Legislator Ed Day (New City - Pomona) is sponsoring a resolution to call upon the State Assembly to pass Assembly Bill A. 1443, that would phase out the Metropolitan Transit Authority payroll mobility tax in 2017 and related Assembly Bill A. 7775 that would immediately exempt community colleges from the burden of the payroll tax.

The largest shift is a change in the accounting of the Metropolitan Commuter Transportation Mobility tax.

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.

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.

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 →

CBTU is campaigning to have the federal government introduce a Construction Mobility Tax Credit — a personal tax exemption on expenses construction workers typically incur when they temporarily relocate for work.

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

Martins was referring to the grand budget compromise hammered out by Cuomo and legislative leaders in December, in which the governor gave Senate Republicans a payroll mobility tax cut in exchange for their support of a tax hike on high - income earners.

The estimates are made under the assumption that there will be continuous economic growth, $ 1.4 billion in unidentified cost savings and that the state will restore $ 65 million in yearly funding to make up for the revenue loss to the MTA due to a reduction in the Payroll Mobility Tax on small businesses, the report said.

By «these bills,» Russianoff was referring to a Martins - and Zeldin - sponsored proposal that would, «exempt all counties, towns, cities, villages and other political subdivisions outside of New York city from paying the metropolitan commuter transportation mobility tax,» and another one, sponsored by Martin, that would exempt libraries.

PRESS RELEASE New City, NY (July 3, 2013)-- Rockland County Legislator Ed Day (New City - Pomona) is sponsoring a resolution to call upon the State Assembly to pass Assembly Bill A. 1443, that would phase out the Metropolitan Transit Authority payroll mobility tax in 2017 and related Assembly Bill A. 7775 that would immediately exempt community colleges -LSB-...]

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 2009.

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 Senate Republicans were trying to exempt schools from the payroll mobility tax, -LSB-...]

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.

We don't know if Paterson can get the legislature back, or if the lame duck senate can pass anything, or if the Payroll Mobility Tax would be exempt from this round of back - door dedicated fund diversions.

«It's certainly reasonable that we'll see the new revenue streams, given Cuomo's interest,» Gelinas said, «But it's just a repeat of the bailout in 2009, where [lawmakers] approved huge new revenue in the payroll mobility tax — and now they're right back where they were.»

But has the governor kept his word about making sure that the MTA got the $ 320 million for operating expenses it lost when the payroll mobility tax was eliminated?

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.

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.

With help from the extra fare revenue, the creation of the state's Payroll Mobility Tax, and internal cost - cutting, the authority's finances steadily improved over the years, and it expects to close out 2017 with an $ 80 million budget surplus.

The cut to the M.T.A. payroll mobility tax was only one of a series of recent developments in Albany that the advocates found disturbing.

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.

The Citizens Budget Commission warns suburban voters to be careful what they wish for when it comes to the MTA's payroll mobility tax.

Specifically, they were proposing reductions to the payroll mobility tax, which was established in 2009 to help shore up the authority's teetering finances by levying a 34 - cent tax on every $ 100 of payroll for employees in the 12 counties served by the M.T.A.

The rest comes from other revenue sources, like the M.T.A. payroll mobility tax.

Governor Andrew Cuomo and his approach to the M.T.A. payroll mobility tax could, in that regard, prove a useful guide.

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 additionally said that a payroll mobility tax that already goes the state should instead go directly to the MTA.

So there is an opening for a grand bargain of some sort, perhaps one involving a repeal of the much - hated payroll mobility tax.

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.