Rats, Mayor Bill de Blasio Announces $32 Million Neighborhood Rat PlanMayor Bill de Blasio today announced a $32 million, multi-agency plan to reduce the city’s rat popul…Jul 12 2017harlemworldmag.com
The proposed tax adjustment – levied on fewer than 1% of the city’s wealthiest tax filers – would also allow the City to cut in half subway and bus fares paid by 800,000 low-income New Yorkers.
“Rather than sending the bill to working families and subway and bus riders already feeling the pressure of rising fares and bad service, we are asking the wealthiest in our city to chip in a little extra to help move or transit system into the 21st century,”
Said Mayor de Blasio.
“Instead of searching for a quick-fix that doesn’t exist, or simply forking over more and more of our tax dollars every year, we have come up with a fair way to finance immediate and long-term transit improvement and to better hold the State accountable for the system’s performance. Our subways and buses are the veins that make life in the greatest city in the world possible. This fair funding source will provide immediate help to straphangers – and it will help New Yorkers get around our city reliably for the next generation and beyond.”
The new tax would increase the City’s highest income tax rate by 0.534%, from 3.876% to 4.41%, on taxable incomes above $500,000 for individuals and above $1 million for couples.
Mayor Bill de Blasio Invests More Than $1 Million To Expand Girl Scout Troop 6000The de Blasio Administration today announced an investment of more than $1 million to expand Girl Sc…Jul 12 2017harlemworldmag.com
This tax will be paid by an estimated 32,000 New York City tax filers – 0.8% of the city’s filers. The tax is projected to raise $700 million in 2018, before rising to $820 million a year by 2022. This new investment will add on to an annual $1.6 billion in City operational support for subways and buses, and a $2.5 billion commitment in 2015 to the long-term needs of the MTA.
The $500 million in revenue dedicated to modernizing our aging subways and buses could support borrowing up to $8 billion for capital upgrades. The Mayor believes this funding should be immediately directed toward core infrastructure improvements like signal improvements, new cars and track maintenance key to reducing delays and disruptions that have paralyzed the system in recent months.
Mayor Bill de Blasio Activates ParkNYC Mobile Payment System From Harlem To HollisMayor Bill de Blasio announced today that ParkNYC, a new and convenient way to pay for on-street par…Jul 18 2017harlemworldmag.com
Half-priced MetroCards for low-income New Yorkers will be financed by an expected $250 million of the revenue raised by this tax. As many as 800,000 New Yorkers are expected to qualify for half-priced MetroCards based on their income levels.
- East Harlem-El Barrio Community Land Trust Gets Slice Of $1.65M For Homeless (harlemworldmag.com)
Become an Harlem World Insider - Sign-Up For Our Newsletter!