New York Budget: Congestion Fee, Plastic Bag Ban, Mansion Tax

New York lawmakers approved a budget that allows for tolls on cars entering midtown Manhattan, increases sales taxes on multimillion-dollar city homes and ushers in a statewide ban on single-use plastic bags.

They also capped local property tax increases outside New York City at 2 percent a year, ordered sweeping changes to the Metropolitan Transportation Authority and scrapped cash bail requirements that jails thousands a year before trial. 

…Some issues the governor and legislature left undone. Lawmakers remain divided about marijuana legalization, which Cuomo failed to push through after raising expectations of $1 billion in tax revenue for mass transit. They also punted on public financing of political campaigns, instead creating a commission to make rules on how and to whom the government should disburse tax dollars to candidates, saying their findings would be binding unless lawmakers vote to reject them.

New York Budget: Congestion Fee, Plastic Bag Ban, Mansion Tax – Bloomberg

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