NYC mayor pushes for tax on the one per cent to fund sub­way fix

The Guardian (Charlottetown) - - WORLD -

NEW YORK — The mayor of New York City wants to tax the wealth­i­est 1 per cent to fund re­pairs and im­prove­ments to the be­lea­guered sub­way sys­tem.

The pro­posal comes as Mayor Bill de Bla­sio and Gov. An­drew Cuomo, both Democrats, con­tinue to squab­ble over re­spon­si­bil­ity for pay­ing for re­pairs to the na­tion’s largest tran­sit sys­tem that has seen grow­ing de­lays, me­chan­i­cal fail­ures, power out­ages and even de­rail­ments. Metropoli­tan Trans­porta­tion Author­ity Chair­man Joseph Lhota re­cently un­veiled an emer­gency plan to sta­bi­lize the sys­tem. The gover­nor of­fered to split the cost of the plan with the city, but the mayor re­fused to com­mit money to sup­port it.

The mayor’s tax plan is meant as a long-term so­lu­tion, not a quick fix, he said. It aims to gen­er­ate nearly $800 mil­lion an­nu­ally with the bulk of the money go­ing to­ward cap­i­tal up­grades to sub­ways and buses, and must be ap­proved by state law­mak­ers. A for­mal an­nounce­ment was ex­pected Mon­day.

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