NYU - New York University

12/05/2018 | News release | Distributed by Public on 12/05/2018 18:10

NYU Rudin Center Report Recommends New York Cannabis Tax Revenues Go to Mass Transit

A report out today (Dec. 5) from New York University's Rudin Center for Transportation Policy & Management recommends all future tax revenues from recreational cannabis sales in New York be dedicated to mass transit.

'Clearly, increased fares and congestion pricing are insufficient to deal with the long-term financial needs of the subway system,' according to the report by Mitchell Moss, the director of the Rudin Center and Henry Hart Rice Professor of Urban Policy & Planning at NYU Wagner.

'This report argues that the subways need a dedicated revenue source with the potential for growth in future decades-one that does not divert funds from other public services, and that has yet to be tapped by the state and local government. The legalization of recreational cannabis offers New York State a unique opportunity to generate a new revenue stream dedicated to mass transit,' the report adds.

To speak with Moss, contact the NYU press officer listed with this release.