According to reports, the State Senate Democrats have reached a tentative agreement on a plan to bailout the MTA. Originally, the plan floated by Senate Majority Malcolm Smith included a taxi dropoff surcharge, an additional motor vehicle registration fee and a payroll tax (the payroll tax would fund the bulk of the plan), all while raising fares by a more moderate 8%; it appears that the tentative plan has a 50-cent (not a $1) taxi surcharge and the already-reported payroll tax reimbursement to school districts. Next up, getting the plan approved by the rest of the State Senate, and if it passes, then the Assembly and Governor. Governor Paterson doesn't think it's a great plan, but signaled he was open to any plan over no plan-and-a doomsday fare hike.