Bill to repeal MTA payroll tax stalls
The New York Senate recently discussed a bill that eliminates the payroll tax for the Metropolitan Transportation Association. However, concerns about subway and bus fare hikes resulted in the proposal stalling in the Assembly Ways & Means Committee.
According to the Rivertowns Patch, the tax brings in more than $800 million in revenue and amounts to 34 cents for every $100 of payroll for public and private employers in the city and seven counties.
The measure would decrease the tax rate each year until 2014, when it would be completely eliminated in the suburbs. In the city, the rate would be lowered to 21 cents for every $100. The exemption of school districts and small businesses with 25 or fewer employees would begin on January 1 of next year.
Republican Senator Greg Ball of Patterson and other opponents of the bill have called it "destructive and job-killing," and suggested several measures the MTA can take to reduce costs. These include curbing overtime, privatizing the city's bus system and selling assets.
The Senate also recently passed legislation calling for a top-to-bottom forensic audit of the agency.
According to the Rivertowns Patch, the tax brings in more than $800 million in revenue and amounts to 34 cents for every $100 of payroll for public and private employers in the city and seven counties.
The measure would decrease the tax rate each year until 2014, when it would be completely eliminated in the suburbs. In the city, the rate would be lowered to 21 cents for every $100. The exemption of school districts and small businesses with 25 or fewer employees would begin on January 1 of next year.
Republican Senator Greg Ball of Patterson and other opponents of the bill have called it "destructive and job-killing," and suggested several measures the MTA can take to reduce costs. These include curbing overtime, privatizing the city's bus system and selling assets.
The Senate also recently passed legislation calling for a top-to-bottom forensic audit of the agency.
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