Governor Kathy Hochul celebrated the implementation of congestion pricing, claiming it reduces traffic, improves air quality, and generates substantial funds for the MTA's capital projects. Despite the success of this initiative, Hochul hinted at potential tax increases, particularly a payroll mobility tax, to support the transit authority's ambitious $68.4 billion capital plan for 2025-2029. Her comments during a rally in Union Square emphasized the perceived benefits to New Yorkers, but raised concerns about further financial burdens on city taxpayers and businesses.
"We're still on that journey, and the more people who get a chance to see the benefits - just walk around and talk to people ask if their lives are more enriched, whether they have more time with their families, if they're a commuter."
"So, today's an important day, the cameras are staying on."
"The governor has long been considering hiking the payroll mobility tax to help pay for the MTA's record $68.4 billion, five-year capital plan."
"It is part of a range of options lawmakers are considering to ding city businesses to help pay for the MTA's 2025-29 capital plan."
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