Monthly Archives: January 2009

School Finance On Long Island: An Analysis of State and Local Funding Patterns

January 30, 2009. FPI researched and wrote this paper for the Rauch Foundation as a supplemental report to Long Island Index 2009, a study of how Long Island is faring as a region. The index includes reports on specific indicators selected to reflect region-wide impact and interests, and identifies emerging trends and gaps that should be addressed now to avoid future problems. FPI was also cited widely in another section of the Index, Long Island's Educational Structure. Read the paper - School Finance On Long [...]

Nobel Economist: Millionaires’ Tax Is Economically Preferable

January  2009. In a March 27, 2008 letter to Governor Paterson, Majority Leader Bruno and Speaker Silver, Nobel economist Joseph Stiglitz makes a compelling case that the millionaires' tax is "economically preferable" to raising regressive fees or cutting state spending. Also see: Voters Support Income Tax on Those Making $250K or More to Replace Budget Cuts, a Siena Research Institute poll released January 26, 2009 Closing state deficit requires prudence, by former budget director Dall Forsythe and Shanna Rose (Albany Times Union, December 10, 2008) [...]

2012-07-11T18:37:35-04:00January 26th, 2009|Blog, State Budget, Tax & Budget, Tax Policy|

Record Surge in NYS Unemployment in December: Lagging Benefits Expose Holes in Safety Net for Jobless New Yorkers

January 22, 2009. Data released today by the New York State Department of Labor reveal that the state's unemployment rate jumped to 7.0 percent in December (the highest figure recorded in the state since 1994) from November's revised level of 6.0 percent. Over 671,000 New Yorkers were unemployed in December, an increase of 229,000 (52 percent) from December of 2007. The national recession began in December 2007. Both the one-month unemployment increase of 1.0 percent and the 229,000 12-month increase in the unemployed count are [...]

New York’s Underinvestment in Public Higher Education

January 15, 2009. After more than a decade of financial support falling short of growing enrollment, the executive budget calls for cuts to SUNY and CUNY - at the same time that more students seek post-secondary opportunities during the economic downturn. Governor Paterson's proposed 2009-2010 budget features reductions in state aid to CUNY and SUNY, despite a projected increase in enrollment for 2009-2010. This report details the context for the cuts - a decade of underinvestment - and makes the economic case for supporting public [...]

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