Gov. Kathy Hochul is preparing "affordability" proposals as the MTA faces a $33 billion budget gap, while emphasizing a commitment against raising income taxes.
Despite Hochul's promise to avoid raising income taxes in 2025, she noted other potential taxes and fees would be discussed to address the funding shortfall.
Assembly Speaker Carl Heastie and Senate Majority Leader Andrea Stewart-Cousins raised objections to the MTA's $33 billion deficit, indicating the necessity for a funding solution during budget talks.
Hochul's budget chief acknowledged that taxes will likely be part of the discussion to fund the MTA's ambitious $68 billion capital plan, reflecting the tough choices ahead.
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