“You can’t secure bonds with taxi money. If the Legislature decides to do otherwise, so be it. I wasn’t elected.” Ravitch
“You can’t secure bonds with taxi money. If the Legislature decides to do otherwise, so be it. I wasn’t elected.” Ravitch
Senate Democrats claimed to have enough votes Thursday to pass their own MTA bailout plan with no bridge tolls. It includes a $1 surcharge on all cab rides, a payroll tax and higher vehicle registration and drivers license fees.
Others weren’t convinced of its chances.
“I’ll be introducing the bill tomorrow,” said Sen. Martin Malave Dilan (D-Brooklyn). “[Majority Leader Malcolm Smith] indicates he has the 32 votes to pass it.”
Smith hedged. “We hope to have it fixed by next week,” he said. “Nobody’s going to like all the ideas.”
The cab surcharge is unpopular. Taxi drivers will rally today in support of a temporary jet fuel tax that Bronx Assemblyman Peter Rivera claims could raise $2 billion annually for mass transit.
Mayor Michael Bloomberg also slammed the surcharge Thursday, because part of its proceeds would fund roads upstate. “New York City already sends more money to Albany than we get back,” he said.
Smith replied the mayor needs a history lesson: Upstate supported the city during its fiscal crisis. “This is one New York,” he said.
Former MTA chair Richard Ravitch remained skeptical about the Senate plan raising enough to rescue the MTA. “You can’t secure bonds with taxi money,” he said, sounding a little fed-up with politics. “If the Legislature decides to do otherwise, so be it. I wasn’t elected.”