The Real Deal New York

Senator Schumer pushes Citi Bike subsidy

The measure would allow employees $20 a month in pre-tax income for memberships
April 05, 2014 02:00PM

Senator Charles Schumer likes Citi Bike, despite its mounting financial woes, and he is putting the city’s money where his mouth is.

The senator is backing a measure that would provide a subsidy for Citi Bike, as well as other struggling programs, that would allow employees to set aside $20 a month in pre-tax income for memberships, according to the New York Daily News.

Schumer included the bike program subsidy in a tax break package that the Finance Committee passed Thursday. The state Senate is expected to approve the bill, however Republicans will likely counter with their own tax break agenda. [NYDN]Christopher Cameron