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

hmmm

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s