NYC Workers Not Faring Well in the Recovery

NYC Workforce Weekly. Read The Article.

Research Roundup: Public-Private Partnerships, Start Up Act and Federal Budget Proposals

Progressive States Network. Read the article >>

Scant recovery for workers in NYC: Young workers see gains, but unemployment worsens for older workers

July 20, 2011. This report, the latest on “The State of Working NYC,” finds several crosscurrents in the first year after the job market bottomed out in NYC. Young workers (ages 16-21 and 22-27) gained in the recovery, contrary to the national trend of decreasing employment rates for these age groups. Unfortunately, older workers too bucked the trend: nationally they made small gains, but in NYC they fared worst of all age groups. While NYC’s job growth outpaced the nation’s early in the recovery, in recent months the city’s job growth has slowed and now lags the nation. Two years after the national recession officially ended, New York still faces soberingly high unemployment and fundamental economic and job market challenges. Press release >> Report >>

Young New Yorkers powered the recovery

City dwellers between the ages of 16 and 27 recorded almost all of the employment gains in the first year of the city’s recovery, while workers 55 and older suffered, a new report shows. By Daniel Massey,  crainsnewyork.com. Read the article >>

Study: Men faring better in ‘recovery’; Gender-specific jobless rates going in opposite directions

By Sara Foss, Schenectady Daily Gazette. Read news item >>

South Asian population continues growth in Lower Hudson Valley, and culture follows

July 17, 2011.  By Hema Easley, Journal News. Read the article >>

New York City’s losing $13.5B in property-tax breaks

July 16, 2011.  By David Seifman, New York Post. Read the article>>

New York Coalition Urges Reps. to Resist GOP Budget Cut

July 12, 2011.  Political Affairs Magazine. Read the article >>

Massachusetts has spent 30 years living with a property-tax cap

July 10, 2011. An article by Cara Matthews, Rochester Democrat and Chronicle. Also in the Binghamton Press & Sun-Bulletin, the Journal News (Westchester and Rockland), and the Albany Times-Union.

In Massachusetts, local governments adopt one budget that includes municipal and school spending. Voters make the decision on all overrides. Proposition 21/2 is less restrictive than New York’s new cap, said Frank Mauro, executive director of the labor-backed Fiscal Policy Institute in Albany.

As a result, the average annual growth in Massachusetts’ property tax revenue was about 5.5 percent a year between 1981-82 and 2009-10, he wrote in a report last month.

New York’s cap “would undermine the quality of the entire array of locally funded public services while providing very little relief, if any, to those homeowners who are most overburdened by real property taxes,” he wrote.

The Massachusetts cap includes some exemptions and a less stringent override provision – a simple majority, Mauro said.

Making a Greener Economy a Fairer Economy

July 7, 2011.  A column by Dan Steinberg, Gotham Gazette. Read the article >>