Comparison of Final 2014-2015 NYS Revenue Bill to earlier Executive, Assembly and Senate Budget Proposals

March 31, 2014. This brief compares the New York State Revenue Bill to earlier Executive, Assembly, and Senate tax proposals.

Testimony: NYC School Bus Industry in the Aftermath of the Removal of Employee Protection Provisions from Contracts

March 27, 2014. James Parrott testified at a New York City Council oversight hearing looking at the effects of removing job security protections from the City school bus contracts. The previous administration set in motion a contract re-bidding process that stripped school bus drivers, matrons and mechanics of job security protections. That action has already led to the bankruptcy of a large school bus company in the middle of the school year and threatens to further unsettle the industry on which the City relies to provide safe and reliable school pupil transportation services for 150,000 children. The removal of the job security protection is putting intense downward pressure on the wages and benefits of a modestly-paid workforce that is comprised largely of persons of color residing in some of the poorest neighborhoods of the City. The damage wrought by the Bloomberg administration in eliminating job security is reversible and should be reversed as quickly as possible.

Tax Foundation: 2014 State Business Climate Rankings

March 26, 2014. This brief puts the Tax Foundation’s 2014 State Business Climate rankings into perspective and shows why attempting to improve New York’s ranking will have very little impact on economic growth or job creation.

2014-2015 New York State Budget Tax Brief

March 24, 2014. The 2014-2015 New York State Budget Tax Brief compares the tax proposals in the Assembly and Senate budget resolutions with those in the Executive Budget. The major proposals are analyzed and their impacts discussed.

Briefing on Mayor deBlasio’s Preliminary FY 2015 NYC Budget: Initial Progressive Steps, More to Come

March 11, 2014. In his review of NYC Mayor Bill deBlasio’s first budget, FPI’s James Parrott notes the new mayor’s progressive change in direction compared to prior City budgets. Not surprisingly, the major new initiative included in the Preliminary FY 2015 budget is full funding for the UPK/afterschool proposal scheduled for launch in the fall of 2014.

The briefing summarizes trends in state and federal aid, and analyzes projections for tax revenue growth. Parrott describes the municipal labor contract situation as a challenge but not a crisis. Four areas are outlined that warrant attention in a progressive City budget:

  • Raising wages for the low-wage service contract workforce
  • Tax equity
  • A City anti-poverty agenda
  • Re-evaluation of $3 billion in City business tax breaks and developing a Unified Development Budget

The briefing provides an updated overview of NYC’s job picture, and unemployment, poverty and income trends. Also presented are FPI’s latest estimates on the city’s income polarization and tax burden.

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