Monthly Archives: March 2005

Vulnerable New Yorkers Would Lose up to $4.4 Billion in Federal Funding under House Budget Plan

March 30, 2005. The Senate's plan has considerably smaller cuts in basic low-income programs. Will the Senate accede to the harsher House budget? A press release from the Fiscal Policy Institute. Contact:  Trudi Renwick, 518-786-3156 New York's share of federal funding cuts in key programs that assist our state's low-income elderly residents, families with children, and people with disabilities could be as much as $4.4 billion over the next five years under the budget plan the House passed earlier this month, a new report from [...]

2020-11-13T15:12:44-05:00March 30th, 2005|Press Releases, Social Policy, Tax & Budget|
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Fiscal Stability for New York City

March 23, 2005. Testimony presented by FPI's Deputy Director and Chief Economist James Parrott to the New York City Charter Revision Commission. This testimony deals with the Charter Commission's interest in determining if any of the expiring provisions of the New York State Financial Emergency Act for the City of New York should be incorporated into the New York City Charter.

2020-11-13T14:56:19-05:00March 23rd, 2005|Economic Trends & Policy, State Budget, Tax & Budget, Testimony|
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One Million Elderly New Yorkers Rely on Social Security for At Least Half Their Income

March 23, 2005. News from the Fiscal Policy Institute: More than one million elderly New Yorkers depend on Social Security for at least half their income and 571,000 depend on Social Security for more than 90% of their income, according to a new study released today by the Fiscal Policy Institute and the Economic Policy Institute.  The study, Social Security and the Income of the Elderly, co-authored by Michael Ettlinger, director of the Economic Analysis and Research Network (EARN) and EPI economist Jeff Chapman, shows a high reliance on Social [...]

2020-11-13T15:14:18-05:00March 23rd, 2005|Press Releases, Social Policy|
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11 Point Plan to Reform the Zones

March 22, 2005. FPI joins with environmental, human services and other budget watchdog groups in releasing a plan to reform the State's Empire Zones Program. Reform Groups Urge State to "FIX THE ZONES" or Let the Program Sunset on March 31 as Scheduled Environmental, human services and budget watchdog groups joined together today to call upon state leaders to fix the state's Empire Zones Program and released an 11-point plan designed to end the abuse, corruption and favoritism inherent in the current administration of the [...]

2020-11-13T14:56:20-05:00March 22nd, 2005|Economic Trends & Policy, Reports, Briefs and Presentations|
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Expenditure of Payments in Lieu of Taxes (PILOTs) in New York City

March 22, 2005. Testimony by FPI Deputy Director and Chief Economist James Parrott at a hearing of the City Council. This testimony deals with the discovery of the fact that Mayor Bloomberg and several of his predecessors have been spending some PILOT payment revenues without appropriations by the City Council. Related: Mayor Bloomberg's veto message explaining his June 9, 2005, veto City Council legislation requiring greater accountability in the expenditure of PILOT revenues. Testimony >>

2020-11-13T14:56:20-05:00March 22nd, 2005|Economic Trends & Policy, State Budget, Tax & Budget, Tax Policy, Testimony|
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