Governor Hochul Expresses Reservations About Mayor-Elect Mamdani's Free Bus Initiative

Governor Kathy Hochul has expressed reservations regarding Mayor-elect Zohran Mamdani's proposal to eliminate bus fares in New York City, emphasizing the financial implications for the Metropolitan Transportation Authority (MTA). Speaking at the Somos conference in San Juan, Puerto Rico, Hochul stated,

"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. But can we find a path to make it more affordable for people who need help? Of course, we can."

Mamdani's plan to make buses free is estimated to cost approximately $800 million annually. He has suggested funding this initiative through increased taxes on high-income earners and corporations, a strategy that would require approval from state legislators and the governor. However, Hochul has previously indicated opposition to raising taxes on the wealthy.

Despite differing views on the free bus proposal, Hochul and Mamdani have found common ground on other issues. Hochul expressed support for expanding universal childcare statewide, acknowledging the significant financial commitment it entails. She noted that implementing such a program could cost around $15 billion annually and suggested a phased approach, starting with certain age groups and underserved communities.

Mamdani's campaign has centered on affordability measures, including free buses, universal childcare, and a rent freeze on rent-stabilized apartments. While some of these initiatives require state collaboration, others, like the rent freeze, may be within the city's jurisdiction.

As discussions continue, both leaders have expressed a willingness to collaborate on shared goals, balancing ambitious policy proposals with fiscal realities.