MTA: Payroll tax leaving budget $350M short

Metropolitan Transportation Authority officials say a new payroll tax that was supposed to help fill a budget hole is bringing in less money than expected.

MTA officials were surprised Wednesday by a shortfall of more than $350 million, even with the additional revenue provided by the tax. Mitch Palley, an MTA board member, says the $350 million shortfall is in addition to the already $400 million hole the board knew about.

To help close the gap, the MTA has recently proposed cutting bus and train service, including nine Long Island bus lines. The cuts could also affect LIRR service on Port Washington and Greenport lines.

sorry to interrupt
your first 20 are free
Access to News 12 is free for Optimum, Comcast®, Time Warner® and Service ElectricSM customers.
Please enjoy 20 complimentary views of articles, photos, and videos during the next 30 days.
you have reached your 20 view limit
Access to News 12 is free for Optimum, Comcast®, Time Warner® and Service ElectricSM customers.
Please login or create an account to continue enjoying News12.
Our sign-up page is undergoing maintenance and is not currently available. However, you will be given direct access to news12.com while we complete our upgrade.
When we are back up and running you will be prompted at that time to complete your sign in. Until then, enjoy the local news, weather, traffic and more that's "as local as local news gets."