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New Yorkers can’t trust the MTA to spend wisely or efficiently. Albany could fall right into the trap of handing over more of your hard-earned dollars, instead of pursuing reform.
The Governor’s Fix NYC panel has recently released a report on congestion pricing to much fanfare. This would send the fees straight to the troubled transit agency.
The panel has suggested charging drivers a fee to enter Manhattan’s central business district south of 60th street. The fee could reach up to $11.52 for personal vehicles, and for-hire vehicles like taxis, rideshares, and delivery trucks would also have to pay a toll.
Public officials are also considering a new “value capture” to get revenue from properties near subway stations. This would add ANOTHER tax on building owners if their property increases in value as a result of being near public transportation.
New York Times reports that officials would assess property values in neighborhoods before and after a transit project is completed. A new tax on the difference between the assessed valued would give 75 percent of the revenue to the MTA and 25 percent to the city.
Property taxes, and property transfer taxes should already “capture value”, but the city’s system does not do so efficiently. Still, New York City could pursue promised property tax reform instead.
All this money would be thrown at an MTA with out-of-control costs, and recent reports of using cooked up stats on electricity-related delays to shift blame to Con-Edison. Emails obtained by the New York Daily News show that the MTA publicly reported 32,000 power-related delays when in reality Con-Edison was at fault for just 3,422 of those delays.
If you’re tired of MTA waste and mismanagement, join Reclaim New York today.