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Gov. Andrew Cuomo. Photo: Drew Angerer/Getty Images

The New York State Legislature and Gov. Andrew Cuomo on Sunday agreed to a $175 billion budget on Sunday, which includes a new congestion pricing policy that would charge a fee to vehicles traveling south of 60th Street, the New York Times reports.

Why it matters: Revenue from the congestion toll — which is the first such policy in the country — will be used to help renovate the city's crumbling subway system. It's part of a broader push by state officials scrambling to manage the increased financial stress from the city's rapid growth.

The budget, which is the second largest in the country behind California's, also includes:

  • An overhaul of the Metropolitan Transportation Authority, which oversees the city's subways and buses.
  • A ban on plastic bags.
  • An elimination of cash bail for most misdemeanors and nonviolent crimes.
  • A "mansion tax" that would reach up to 4.15% on the sale of properties worth $25 million or more.

Go deeper

2 hours ago - Politics & Policy

Senate Democrats settling on 25% corporate tax rate

Sen. Joe Manchin (D-W.Va.). Photo: Chip Somodevilla/Getty Images

The universe of Democratic senators concerned about raising the corporate tax rate to 28% is broader than Sen. Joe Manchin, and the rate will likely land at 25%, parties close to the discussion tell Axios.

Why it matters: While increasing the rate from 21% to 25% would raise about $600 billion over 15 years, it would leave President Biden well short of paying for his proposed $2.25 trillion, eight-year infrastructure package.

GOP pivot: Big business to small dollars

Illustration: Annelise Capossela/Axios

Republican leaders turned to grassroots supporters and raked in sizable donations after corporations cut them off post-Jan. 6.

Why it matters: If those companies hoped to push the GOP toward the center, they may have done just the opposite by turning Republican lawmakers toward their most committed — and ideologically driven — supporters.

CDC: Half of U.S. adults have received one COVID-19 vaccine dose

Data: CDC; Chart: Axios Visuals

Half of U.S. adults have received at least one dose of the COVID-19 vaccine and about a third are fully vaccinated, according to new data from the Centers for Disease Control and Prevention.

Why it matters: COVID-19 cases and hospitalizations are still on the rise, CDC director Rochelle Walensky said during Friday's White House COVID-19 briefing. With cases in many states being driven by variants, public health officials have emphasized the need to ramp up vaccinations.