RR Opens Second Front Against High Taxes
Although Gov. Pataki's proposed 2001-02 budget includes tax relief for freight railroads, which pay higher property taxes than other businesses, in February, CSX filed a lawsuit against NY State, NYC and ten other NY counties, municipalities and school districts. CSX says NY's tax rates restrain its investment in infrastructure that could capture freight business from trucks. The suit tax rates in the state are unfair to railroads. It was filed in federal court in White Plains.
