Overview
- Hochul told reporters at the SOMOS conference she cannot advance a plan that pulls dollars from a fare‑dependent MTA system.
- Her office said she will pursue an affordability agenda with Mamdani but must ensure the MTA retains needed resources.
- The Independent Budget Office estimates fare‑free buses would cost more than $652 million annually, with some estimates near $700 million.
- Mamdani proposes a 2% tax on income above $1 million to pay for free buses as well as universal child care and other priorities.
- MTA leaders remain skeptical of the idea, while legislative chiefs Carl Heastie and Andrea Stewart‑Cousins appear more open to talks on taxes and implementation.