-
City nixes proposed plastic bag tax
Mayor Michael Bloomberg’s proposed 5-cent plastic bag tax has been thrown on the trash heap.
With scant support in the city council, the mayor Monday agreed to scrap the bag fee and keep the sales tax exemption on clothing under $110 as part of an agreement on the city’s Fiscal 2010 budget.
Bloomberg and Council Speaker Christine Quinn, who fought the two proposals, did agree to raise the sales tax by 0.5 percent.“With tax revenues down $5 billion, the economic crisis provided us with only a menu of onerous options to balance the City’s budget,” Bloomberg said.
The sales tax increase would be set by Albany, but state legislators would have a tough time pushing the proposal through without the support of the city council.
The council is set to vote on the budget later this month.
- Follow Us
advertisement | advertise on am New York
advertisement | advertise on am New York
Partners
Search cars
