Guv: Fill MTA budget hole by hiking payroll tax in city

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Guv: Fill MTA budget hole by hiking payroll tax in city (2/9/2010)

New York City businesses face a 59% increase in the Metropolitan Transportation Authority payroll tax under a proposal unveiled Monday by Gov. David Paterson. Suburban businesses' tax would be halved.The plan drew an immediate rebuke from a major city business group. New York City Partnership President Kathryn Wylde said her group supported the creation of the tax a year ago but that an increase from the current 0.34% of payroll “cannot be justified unless the MTA gets better control of sp

Source:	Crains
Full post can be read on:	http://www.crainsny.com/
Homepage:	http://www.crainsny.com/

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