The increase is expected to generate $50 million in new revenue.
Officials said the city was also seeking $180 million a year for 10 years in new revenue.
The local government may even favor these plans for new revenues.
But eventually, they say, he will be forced to come up with new revenues.
He has already proposed more than $6 billion in such new revenues this year.
How, without driving away business, would you find new revenue?
The President has said he will not allow any new revenue.
These services would cost a lot more than any new revenue generated by the development.
The tax is expected to generate $750 million in new revenues the first year and $1 billion by the second.
He said the state would need to raise at least $700 million in new revenues over the next year.