State of Working New York 2008: New York’s Rising Unemployment – The Other Crisis in Albany

August 28, 2008. Job losses rise, straining state unemployment insurance. Unemployment is up by 56,000 in the first half of 2008; in 25 counties, the increase is over 20 percent. New York’s projected budget gaps have received considerable attention in Albany; the state’s growing unemployment is the other crisis to which Albany must also turn its attention.

FPI’s State of Working New York series, published biennially since 1999, provides comprehensive and up-to-date analysis of the data available on the conditions facing workers and working families in New York State.

New York has the highest poverty rate of all northern states

August 26, 2008. FPI’s look at new Census data for New York: no progress on poverty and family incomes since the 2001 recession; fewer New Yorkers are now uninsured but 2.5 million still lack health insurance. Includes figures for larger counties, cities and towns, as well as New York’s standing among the 50 states. Release with data >>

Transitional Jobs: Return on Investment Study

August 25, 2008. This analysis shows that a statewide Transitional Jobs initiative in New York could clearly pay for itself in just three years in primary public cost savings if it is able to increase employment rates by more than 26% for public assistance recipients and by more than 35% for formerly incarcerated participants. The actual public cost savings would likely be even greater once the impact on child support payments and justice system costs is factored in.

Short Term Tax Relief and Long Term Tax Reform: An Omnibus Bill Approach

August 15, 2008. Tax reform options are receiving little attention during the current property tax debate as elected officials, the media, advocates and the general public look for ways to deliver more immediate property tax relief. In this presentation, FPI’s Executive Director Frank Mauro makes the case for the Omnibus Property Tax Relief and Reform Act. He argues that immediate relief is best provided by a well-targeted property tax circuit-breaker; and that to ease the pressure on the local property tax base over the longer term, the state should implement a 10-year plan for gradually taking over $6 billion of local school costs, an additional $1 billion of Medicaid costs, and $3 billion of the cost of basic municipal services.
Presentation in pdf >>
Presentation, video >>
Bill language >>

Déjà Vu All Over Again – Budget Balancing in Bad Times

August 14, 2008. Raising Revenue Needs to be Part of the Solution. Group press release >>

“The lessons to be learned from New York’s fiscal policy choices during the last two recessions are clear. The balanced approach to the state’s budget that was adopted in 2003 worked much better than the deep service cuts of the early 1990s which prolonged and deepened the effects of that recession on New York State,” said Frank Mauro, Executive Director of the Fiscal Policy Institute.

Latest IRS Data Reveal Fundamental Mismatch Between New York’s Income Distribution and Its Tax System

August 6, 2008. New data from the Internal Revenue Service bolster the case for a high-end income tax surcharge in New York. New York is one of ten states that have income distributions that particularly favor the wealthy few – while the progressivity of the state income tax has been weakened since the 1990s. With the state facing a budget deficit and political leaders seeking a way to pay for effective and immediate property tax relief, this is especially timely news. Press release with NYS and national data >>

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