Hochul’s Budget Plan Could Give New York’s MTA Financial Security, CFO Says

The funding deficit facing New York’s Metropolitan Transportation Authority could be solved if state lawmakers pass Governor Kathy Hochul’s proposed budget, the agency’s chief financial officer Kevin Willens said.

Hochul’s proposed budget seeks to increase a payroll tax on businesses in the region served by the authority’s network of subways, buses and commuter rail lines to help fix the transit agency’s operating deficits.