Increasing access to food stamps would boost the New York City Economy

October 17, 2006. Currently, the flow of federal food stamps into New York City – about $1.4 billion annually to nearly 1.1 million people at an average benefit of $110 per person per month – supports 9,600 jobs and $850 million of annual economic activity. This issue of Fiscal Policy Note$ finds that if access to the program were expanded so that all those eligible were participating, food stamp spending would increase by $355 million. This spending would create 2,300 more jobs and $210 million in additional economic activity each year, pushing the economic impact of food stamps well over the billion dollar mark. Press release and report.

Financing of the Hudson Yards Project and the Rail Yards Agreement with the Metropolitan Transportation Authority

October 10, 2006. Testimony of FPI Deputy Director and Chief Economist James Parrott before the NYC Council Committees on Finance and Transportation. Testimony >>

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