Yearly Archives: 2011

State of Working New York 2011, Part I: One in seven New Yorkers out of work two years into “recovery”

August 31, 2011. FPI's 2011 annual edition of the State of Working New York documents New York's continuing unemployment crisis in the context of the weak national economic recovery. Two years into the "recovery" from the Great Recession of 2008-2009, one in seven New York workers is unemployed, under-employed or has given up looking for work - a total of 1.4 million New Yorkers. Long-term unemployment is at record levels. Half of the unemployed have been out of work for more than six months, and [...]

2020-11-13T14:50:33-05:00August 31st, 2011|Economic Outlook, Economic Trends & Policy, Press Releases, Reports, Briefs and Presentations|
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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 [...]

2020-11-13T14:48:30-05:00July 20th, 2011|Economic Outlook, Economic Trends & Policy, Labor Market & Workforce, Press Releases, Reports, Briefs and Presentations|
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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 [...]

2012-06-18T21:23:14-04:00July 10th, 2011|FPI in the News|
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Comments on USDA’s proposed Supplemental Nutrition Assistance Program (SNAP) regulations

July 5, 2011. Comments on regulations implementing the eligibility, certification and employment and training provisions of the 2008 Farm Bill. In general, USDA's overall approach to the Food, Conservation and Energy Act (FCEA) provisions is laudable. However, these comments outline several important changes should be made in the final regulations. Without these changes, the regulations would fall far short of what the legislation intended and would miss important opportunities to improve the program for the millions of Americans who rely upon its help to meet [...]

2020-11-13T15:11:23-05:00July 5th, 2011|Social Policy, Testimony|
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Governor Cuomo’s Fiscal Policies: How Will New York’s Economy Be Affected?

June 24, 2011. Governor Cuomo won a great political victory in getting his 2011-2012 budget adopted on time and with very few changes. And it now looks like the Legislature will be enacting - again with very few changes - the very tight cap on property tax levies that the Governor spelled out during his 2010 campaign. This brief examines how the New York economy fared, compared to other states, under the more balanced fiscal policies of recent years. But dramatic cuts in spending can [...]

2020-11-13T14:50:33-05:00June 24th, 2011|City Budget, Economic Outlook, Economic Trends & Policy, Reports, Briefs and Presentations, State Budget, Tax & Budget, Tax Policy|
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Proposed New York property tax cap is much more restrictive than the Massachusetts cap after which it is supposedly modeled

June 22, 2011. No lawmaker or taxpayer should be one bit reassured by the Massachusetts experience with a tax cap. New analysis from FPI's Frank Mauro shows what a New York-style tax cap would mean if it had been in effect in Massachusetts over the last decades. Property tax revenues would be less than half what they are today, with devastating implications for the entire array of locally-funded public services. Read report >>

2012-03-06T12:16:03-05:00June 22nd, 2011|City Budget, Reports, Briefs and Presentations, Tax & Budget|
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