{"id":30812,"date":"2025-11-06T16:21:06","date_gmt":"2025-11-06T16:21:06","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-ny\/30812\/"},"modified":"2025-11-06T16:21:06","modified_gmt":"2025-11-06T16:21:06","slug":"mamdanis-free-nyc-buses-complicated-by-bond-paying-pledge","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-ny\/30812\/","title":{"rendered":"Mamdani\u2019s Free NYC Buses Complicated by Bond-Paying Pledge"},"content":{"rendered":"<p class=\"ArticleBodyText_articleBodyContent__17wqE typography_articleBody__3UcBa\" data-component=\"paragraph\">New York City\u2019s mayor-elect Zohran Mamdani\u2019s promise to make the biggest public-bus system in the US free has investors of the <a href=\"https:\/\/www.bloomberg.com\/quote\/13462Z:US\" target=\"_blank\" rel=\"noopener nofollow\" class=\"media-ui-Link_link-tVkXhPLPofs-\" data-component=\"link\">Metropolitan Transportation Authority\u2019s<\/a> $17 billion of farebox bonds watching closely since that bus revenue is used in part to repay the debt.<\/p>\n<p class=\"ArticleBodyText_articleBodyContent__17wqE typography_articleBody__3UcBa\" data-component=\"paragraph\">Mamdani, a democratic socialist who won Tuesday\u2019s election, has proposed raising taxes on millionaires and businesses to bring in $9 billion of new revenue to pay for the free buses, along with free childcare and building more affordable housing. He\u2019s said New Yorkers need free transit options to help make the most populous and <a href=\"https:\/\/www.coli.org\/press-release-for-immediate-release-q2-2025\/\" title=\"Release\" target=\"_blank\" rel=\"noopener nofollow\" class=\"media-ui-Link_link-tVkXhPLPofs-\" data-component=\"link\">costliest<\/a> US city more affordable.<\/p>\n","protected":false},"excerpt":{"rendered":"New York City\u2019s mayor-elect Zohran Mamdani\u2019s promise to make the biggest public-bus system in the US free has&hellip;\n","protected":false},"author":2,"featured_media":30813,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[4241,18800,3339,8411,11301,2423,8107,9,24,55,54,56,87,2780,608],"class_list":{"0":"post-30812","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-new-york-city","8":"tag-albany","9":"tag-bonds","10":"tag-cities","11":"tag-debt","12":"tag-free","13":"tag-janno-lieber","14":"tag-mta-bvba","15":"tag-new-york","16":"tag-new-york-city","17":"tag-new-york-city-headlines","18":"tag-new-york-city-news","19":"tag-ny","20":"tag-politics","21":"tag-taxes","22":"tag-transportation"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/30812","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/comments?post=30812"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/30812\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media\/30813"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media?parent=30812"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/categories?post=30812"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/tags?post=30812"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}