{"id":110125,"date":"2025-11-11T13:41:01","date_gmt":"2025-11-11T18:41:01","guid":{"rendered":"https:\/\/cablemanpro.com\/wallstreetpr\/ny-governor-pours-cold-water-on-mamdani-free-bus-plan-110125"},"modified":"2025-11-11T13:41:01","modified_gmt":"2025-11-11T18:41:01","slug":"ny-governor-pours-cold-water-on-mamdani-free-bus-plan","status":"publish","type":"post","link":"https:\/\/cablemanpro.com\/wallstreetpr\/ny-governor-pours-cold-water-on-mamdani-free-bus-plan-110125","title":{"rendered":"NY governor pours cold water on Mamdani free bus plan"},"content":{"rendered":"
\n

New York Gov. Kathy Hochul appeared to cast doubt on New York City Mayor-elect Zohran Mamdani<\/a>\u2019s vision for free buses.<\/p>\n

Hochul, speaking at the Somos Conference in Puerto Rico, said, “We\u2019re spending a lot of money, so I cannot set forth a plan right now that takes money out of a system that relies on the fares of the buses and the subways,” according to the New York Post.<\/a><\/p>\n

The newspaper said Hochul made the remark in reference to funds the state has provided to the Metropolitan Transportation Authority \u2014 which runs New York City\u2019s bus system \u2014 for major projects.<\/p>\n

“But can we find a path to make it more affordable for people who need help? Of course we can,” Hochul reportedly added Saturday.<\/p>\n

MAMDANI\u2019S SOCIALIST, CITY-RUN GROCERY PLAN FACES BACKLASH FROM HOCHUL: ‘I FAVOR FREE ENTERPRISE’<\/strong><\/a><\/p>\n

The comments come about two months after Hochul endorsed Mamdani in the governor\u2019s race. Fox News Digital has reached out to Mamdani’s campaign for comment.<\/p>\n

“I continue to be excited at the work of making the slowest buses in America fast and free,” the Post quoted Mamdani as saying during an unrelated press conference on Monday. “And I appreciate the governor\u2019s continued partnership in delivering on that agenda of affordability.”<\/p>\n

Mamdani, a Democratic socialist, has floated raising taxes<\/a> on the city\u2019s wealthiest residents and corporations to fund free buses and universal childcare.<\/p>\n

WASHINGTON POST BLASTS MAMDANI’S FREE BUS PROPOSAL, WARNS IT WOULD ATTRACT \u2018VAGRANTS AND DRUG ADDICTS’<\/strong><\/a><\/p>\n

Under Mamdani\u2019s plan, the personal income tax rate on the city’s wealthiest 1% would rise by 2 percentage points, while the corporate tax rate would increase to match New Jersey\u2019s 11.5% rate, he said on Fox News’ “The Story” in October.<\/a><\/p>\n

“I’ve said time and time again that I believe these are the most straightforward ways that we can actually fund universal childcare, making buses fast and free, and I’ve said that the two clear ways to do so: raising personal income taxes on the top 1% by 2% and raising the corporate tax to match that of New Jersey’s corporate tax of 11.5%,” Mamdani said. “Now, if there are other ways to raise this money to fund this agenda, the most important thing is that we fund the agenda.”<\/p>\n

It currently costs $2.90 to ride a bus in New York City,<\/a> while express buses are $7 per ride. However, the MTA has been trying to combat fare evasion<\/a> for years.<\/p>\n

The MTA said last year that, “In 2022, we lost about $315 million to fare evasion on buses.”<\/p>\n

Fox News Digital\u2019s Sophia Compton contributed to this report.<\/i><\/p>\n<\/div>\n

Source – https:\/\/www.foxnews.com\/politics\/ny-governor-pours-cold-water-mamdani-free-bus-plan <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

New York Gov. Kathy Hochul appeared to cast doubt on New York City Mayor-elect Zohran Mamdani\u2019s vision for free buses. 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