FOR IMMEDIATE RELEASE
February 8, 2010
STATEMENT OF MAYOR MICHAEL R. BLOOMBERG ON PROPOSED CHANGE TO MTA MOBILITY TAX THAT WOULD DISPROPORTIONATELY SHIFT TAX BURDEN TO NYC BUSINESSES
"First the Governor proposed a state budget that slashes support for New York City but not the suburbs, and now he proposes to wallop city businesses with more taxes while lightening the load for businesses in the suburbs. The idea that the State can spare the suburbs while sacking the City is terrible economics, grossly unfair, and contrary to every principle of good regional development. We in New York City saw the MTA's problems coming and came up with a plan that would have created a steady stream of revenue for capital programs. Now the Governor proposes to shift an extra half billion dollar burden onto New York City taxpayers, who are the economic heart of our region. I will work night and day with our City's delegation in Albany to stop this wrongheaded proposal from moving forward."
Stu Loeser (212) 788-2958