New York State Economic and Fiscal Outlook 2015-2016

2015-2016 briefing book post

February 10, 2015. In its 25th annual New York State briefing book, the Fiscal Policy Institute analyzes and comments on Governor Andrew Cuomo’s 2015-2016 Executive Budget. Governor Andrew Cuomo’s Executive Budget proposal takes some positive steps forward in clearly acknowledging, for the first time in his tenure, the incredible child poverty and income inequality that exist in our generally affluent state and recognizing the need to give greater property tax relief to those who need it most rather than spreading it too thinly. However, for every step forward the governor takes in addressing... Read more

Immigrant “Main Street” Business Owners Playing an Outsized Role

Philadelphia Italian Market

January 14, 2015. Immigrants are a little more likely to own businesses than their U.S.-born counterparts, but they are a lot more likely to own Main Street businesses such as grocery stores, restaurants, and barber shops, finds a new study released today by the Fiscal Policy Institute and Americas Society/Council of the Americas. Immigrants make up 16 percent of the labor force and 18 percent of... Read more

42% of NYC residents don’t have enough income to cover the basic necessities of a Self-Sufficiency budget, according to a new report.

woman-calculating-expenses

December 2, 2014. According to the new 2014 edition of the Self-Sufficiency Standard for NYC, released today by the Women’s Center for Education and Career Advancement at a forum at the New School, the cost of a basic family budget in New York City has increased by 45% since 2000 while the median earnings of adults increased by only 17% over the past 14 years. The report, Overlooked and Undercounted:... Read more