New York city residents and businesses are contributing more money to the MTA than previously thought through what City Comptroller Scott Stringer is calling an “invisible fare.”
In an analysis released late Tuesday, Stringer found that city taxpayers and businesses contributed $10.1 billion a year in taxes, fares and tolls and other expenditures, a higher number than previously thought.
City riders paid $5.3 billion in tolls and fares last year, and an additional $4.8 billion “invisible fare” from payroll taxes, taxi surcharges and sales tax.
That amounts to each ity household contributing $130 a month to the MTA every month even before they put money on a MetroCard or paid a toll on area bridges.
“When it comes to paying for the MTA, New York City residents bear a much larger financial burden than we ever knew before,” Stringer said in a statement. The report found the city contributes 68 percent of the MTA’s budget in 2014, while the state contributed 4 percent.
Stringer debunked the $100 million figure commonly cited as the City’s contribution to the MTA, adding the City has committed nearly $300 million in capital dollars per year over the last 10, though not all has been used, and makes significant debt services payments.
Stringer is calling on the state and federal government to spend more on the MTA, which a state agency, estimating that the state needs to contribute much more than the $603.5 million paid to the MTA last fiscal year. To match past support, the federal government will have to contribute up to $4.5 billion more than its $6.7 billion pledged for the Capital Plan.
“It’s clear the state and federal governments must do more to support our mass transit needs,” Stringer said.