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Two limited contactless-payment trials were conducted around the New York City area in 2006 and in 2010. However, formal planning for a full replacement of the MetroCard did not start until 2016. The OMNY system is designed by Cubic Transportation Systems , using technology licensed from Transport for London 's Oyster card .
In New York City, a planned congestion pricing project would charge vehicles traveling into or within the central business district of Manhattan. This disincentivizing fee, intended to cut down on traffic congestion and pollution, was first proposed in 2007 and included in the 2019 New York state government budget by the New York State ...
For example, New York state has several such programs. In conjunction with the proposal to build a West Side Stadium in New York City for use by the New York Jets, there was controversy over the proposal by the Mayor, Michael Bloomberg, to use PILOT money from the Jets to help finance the project rather than applying it to other municipal ...
The New York City Water Board was established in 1905. It sets water and sewer rates for New York City sufficient to pay the costs of operating and financing the system, and collects user payments from customers for services provided by the water and wastewater utility systems of the City of New York.
Clearing House Interbank Payments System. The Clearing House Interbank Payments System (CHIPS) is a United States private clearing house for large-value transactions. As of 2023, it settles approximately 500,000 payments totaling US$1.7 trillion per day. [1] Together with the Federal Reserve Banks ' Fedwire Funds Service, CHIPS forms the ...
With a strike deadline looming, the group representing East and Gulf Coast ports is asking a federal agency to make the Longshoremen's union come to the bargaining table to negotiate a new contract.
The New York State Legislature unanimously confirmed Benjamin M. Lawsky on May 24, 2011, as New York State's first Superintendent of Financial Services. [9] From May 24, 2011, until October 3, 2011, Lawsky also was appointed, and served as, Acting Superintendent of Banks for the former New York State Banking Department. [9]
The State of New York Mortgage Agency (SONYMA or Sonny Mae) is a New York State public-benefit corporation created in 1970 by the state government of New York to provide affordable homeownership to low- and moderate-income New Yorkers. [1][2] It offers affordably priced fixed-rate mortgages through several mortgage programs for eligible ...
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