Higher taxes for wealthy New Yorkers? Higher taxes on booze? A commuter tax?
These are some of the suggestions that the city's Independent Budget Office offered Wednesday as part of its Budget Options report, which provides ideas on how to balance the city's finances.
Although Mayor-elect Bill de Blasio will inherit a balanced budget from Michael Bloomberg, IBO director Ronnie Lowenstein... » more
The MTA's $1 "green fee" for new MetroCards is cutting down on the agency's "loose change" windfall from unused cash on old cards, the city's Independent Budget Office said Monday.
Doug Turetsky, chief of staff at the budget office, said the MTA's November financial plan issued last week shows that leftover money from MetroCards -- listed as "fare media liability" -- is expected to add up... » more
You knew it was happening: Here's the proof.
Brooklyn is now home to two of the highest-income neighborhoods in the city, according to a new analysis of census tracts by the Independent Budget Office.
In 2000, nine of the 10 richest tracts -- based on median household income -- were in Manhattan and another was located in the Riverdale/Fieldston section of the Bronx.
But by 2011,... » more
If the MTA gets it way, subway riders trying dodge a phone call or text can no longer blame being in a station or train tunnel.
MTA chair and CEO Thomas Prendergast said the agency is continuing its installation of cellular and Wi-Fi service throughout the transit system's underground stations, and wants to eventually bring service to the tunnels.
While Prendergast said he remembers... » more