New York lawmakers finally agreed on Monday to the state’s FY2026 budget, which includes an increased payroll tax to help fund the next MTA’s five-year capital plan for transit improvements.
Gov. Kathy Hochul said funding for the MTA’s $68 billion plan will come through a higher payroll mobility tax (PMT) for the NYC metro area — a potential source of funding that has been considered for weeks leading up to the late budget agreement.
See the full article at amNY
MTA gets the money for its five-year capital plan in late state budget agreement — thanks largely to ‘modest’ payroll tax hike
