Monthly Archives: May 2014

Immigrants and Local Economic Growth: Realizing New York’s Full Potential

May 22, 2014. How can lifting barriers to economic advancement to immigrants also provide a boost to the New York State economy? In November, 2013, the Fiscal Policy Institute convened a multi-day retreat to discuss this question. Advocates, organizers, service providers, researchers, and people working in policy development joined FPI at the Blue Mountain Center in the Adirondacks for a series of highly engaging conversations. It was a rare and warmly welcomed instance of people coming together to discuss these questions from Long Island, New [...]

2020-11-13T14:56:15-05:00May 22nd, 2014|Economic Trends & Policy, Migration, Reports, Briefs and Presentations|
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NYS Can Help Low-income Working Families with Children by Increasing its Earned Income Tax Credit

May 20, 2014. It comes as no surprise to working families that New York State’s tax system is fundamentally unfair. Low- and middle-income workers pay, on average, a much higher share of their income in state and local taxes than the highest income earners. According to analysis by the Washington, D.C.-based Institute on Taxation and Economic Policy, the 40% of New York’s tax filers with the lowest incomes pay at least 10% of their income in state and local taxes and the 20% of households [...]

2020-11-13T15:11:23-05:00May 20th, 2014|Social Policy, Tax & Budget, Tax Policy|
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Statement on New York City Budget Accounting Action

May 12, 2014. Today’s joint announcement by Mayor de Blasio and Comptroller Stringer clarifies a City budget accounting question regarding an obligation the City incurred in connection with the recent labor settlement with the United Federation of Teachers.  The payments in question pertain to UFT members retiring after June 30, 2014 and cover wage increases for the first two years (2009 and 2010) of the recently settled contract. Officials of both the Mayor’s and the Comptroller’s offices have confirmed that the announcement is strictly an [...]

2020-10-27T13:08:49-04:00May 12th, 2014|Blog, Press Releases, State Budget, Tax & Budget|
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Another View on Mayor de Blasio’s FY 2015 New York City Executive Budget

May 9, 2014. Understandably, much of the commentary on Mayor de Blasio’s FY 2015 Executive Budget has dealt with the financial impact of the recent UFT contract if applied across the entire 350,000-person unionized city workforce.  It is, afterall, by far the most significant labor deal in City history, potentially affecting the entire workforce for 7 years, and 150,000 of those workers for an additional two years going back to 2009 and 2010. Some observers can’t quite grasp that Bill de Blasio pulled that off, [...]

2020-10-27T13:08:49-04:00May 9th, 2014|Blog, State Budget, Tax & Budget|
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The Significance of the TWU and UFT Labor Contracts

May 7, 2014. This commentary by FPI’s James Parrott on the new New York City labor contracts was requested by CUNY’s Joseph S. Murphy Institute and appears on their new blog. For the first time in nearly five years, major labor agreements were recently reached covering public sector workers in New York City. On April 17, Transport Workers Union (TWU) Local 100 concluded a new 5-year contract dating from January 2012 covering 34,000 workers at the Metropolitan Transportation Authority (MTA), most of whom work for [...]

2020-10-27T13:08:49-04:00May 7th, 2014|Blog, State Budget|
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