December 21, 2009. An article by James Parrott, FPI's deputy director and chief economist, who writes regularly for Gotham Gazette's Economy section. Article >>
December 21, 2009. Current unemployment rates at a neighborhood level for New York City, and estimates of the unemployment rate by race/ethnicity and gender: the numbers show huge variations from neighborhood to neighborhood and also within neighborhoods. For example, while the overall unemployment rate in New York City was 10.1 percent in the third quarter of 2009, unemployment was 5.1 percent on Manhattan's Upper East and West Sides in the third quarter, compared to 15.7 percent in the South and Central Bronx and 19.2 percent [...]
December 17, 2009. New estimates released today by the Center on Budget and Policy Priorities (CBPP) are based on seven provisions of the American Recovery and Reinvestment Act (ARRA) that directly affect individuals: three tax credits for working families, two unemployment insurance expansions, an increase in food stamps, and a one-time payment for retirees, veterans, and people with disabilities. Not only is the Recovery Act is creating jobs, helping close state and local budget gaps, and boosting the broader economy, it is also softening the [...]
December 13, 2009. Press release, report.
December 8, 2009. Press release, report.
November 30, 2009. This new report shows the robust immigrant contribution to GDP in the country's 25 largest metropolitan areas. In the 25 metro areas combined, immigrants account for 20 percent of economic output and 20 percent of the population. The same basic relationship holds true, with slight variation, for each of the 25 areas, from metro Pittsburgh, where immigrants represent 3 percent of population and 4 percent of GDP, to metro Miami, where immigrants make up 37 percent of the population and 38 percent [...]
November 19, 2009. While Wall Street recovers, New York City's Main Street economy remains mired in the "Great Recession." This report from FPI is an examination of the impact of the country's "Great Recession" on the New York City economy. The data show the shallowness of the previous expansion from 2003 to 2007 before the onset of the Great Recession, and recession-related job losses and rising economic insecurities. The report also explores in detail the character and extent of unemployment in New York City - [...]
November 18, 2009. A new study from the Institute on Taxation and Economic Policy (ITEP), co-released by FPI, shows that middle-income families in New York pay a higher share of their income in state and local taxes (12.0 percent) than do the state's richest families (who pay only 9.4 percent of their income in state and local taxes). Data for New York, full report, 50 states.
November 5, 2009. A five-pager by FPI's Frank Mauro and Ron Deutsch of New Yorkers for Fiscal Fairness. Three points: 1. First, do no harm! 2. Understand the role of federal aid and state reserves during economic downturns 3. Make better budget choices for 2010‐2011. This brief was distributed at a press conference at which FPI, New Yorkers for Fiscal Fairness, and a diverse group of statewide organizations joined forces to publicize the harmful impact of many of the governor's proposed cuts. Group press release [...]
November 5, 2009. FPI, New Yorkers for Fiscal Fairness, and a diverse group of statewide organizations joined forces to publicize the harmful impact of many of the governor's proposed cuts, and to urge the Legislature to look at less painful alternatives. Group press release >>
October 26, 2009. An article by James Parrott, FPI's deputy director and chief economist, who writes regularly for Gotham Gazette's Economy section. Article >>
October 26, 2009. Testimony presented by James Parrott, Deputy Director and Chief Economist of FPI, to the Senate Finance Committee.
October 21, 2009. Testimony presented by Frank Mauro, Executive Director of FPI, and Ron Deutsch, Executive Director of New Yorkers for Fiscal Fairness, to the Assembly Ways and Means Committee. Mauro and Deutsch discussed why $1.8 billion of the $3 billion in deficit reduction actions proposed by Governor Paterson for the current state fiscal year would harm the still-fragile state economy. The Governor's other $1.2 billion in gap-closing recommendations together with additional actions that will not hurt the state economy should be used to ensure [...]
October 19, 2009. At a public forum hosted by Assemblyman Marcus Molinaro in Hopewell Junction, Frank Mauro of the Fiscal Policy Institute discussed the workings of New York State's current property tax system, and John Whiteley of the New York State Property Tax Reform Coalition discussed property tax relief and reform options for New York State. Watch the video >>
October 15, 2009. Statement from FPI Executive Director Frank Mauro.