Yearly Archives: 2015

Briefing on Mayor deBlasio’s Preliminary FY 2016 NYC Budget: Addressing Needs and Budgeting Cautiously as the Recovery Progresses

March 10, 2015. FPI's FY 2016 New York City budget briefing includes: An overview of the Mayor’s Preliminary FY 2016 Budget proposal, with a particular focus on new human services spending initiatives in the context of changes in human services spending in recent years. The social and economic context in New York City at the beginning of 2015: the unevenness of the recovery and wage, income and employment trends. The presentation will review the extent and persistence of low wages in the social services contract [...]

Anthony Troia2015-03-11T06:49:41-04:00March 10th, 2015|Reports, Briefs and Presentations, State Budget, Tax & Budget, Tax Policy|

Briefing on the Mayor’s Preliminary 2016 NYC Budget

On Tuesday morning, March 10, 2015, the Fiscal Policy Institute presented its annual New York City budget briefing to the Economic Justice and Social Welfare Network at the Federation of Protestant Welfare Agencies. The briefing is open to the public. The topics covered during the briefing included: An overview of the Mayor’s Preliminary FY 2016 Budget proposal, with a particular focus on new human services spending initiatives in the context of changes in human services spending in recent years. The social and economic context in [...]

Anthony Troia2020-12-21T14:48:16-05:00March 10th, 2015|Fact Sheets|

Briefing on Mayor deBlasio’s Preliminary FY 2016 NYC Budget: Addressing Needs and Budgeting Cautiously as the Recovery Progresses

March 10, 2015. In his briefing of NYC Mayor Bill deBlasio’s second budget, FPI’s James Parrott notes: several positive budget changes; strong job and tax growth, but uneven gains for workers and families; budget outlook improving; and items still to be addressed on the budget front.

Anthony Troia2020-10-27T13:08:48-04:00March 10th, 2015|Reports, Briefs and Presentations, State Budget, Tax & Budget|

Policy Brief: Property Tax Relief (Circuit Breaker)

March 5, 2015. The property tax relief plan (circuit breaker) proposed by the governor would help low- and middle-income New Yorkers that are struggling to pay their taxes and should be adopted with a few changes that would make it even more effective. The governor’s Executive Budget proposal includes a significant new property tax “circuit breaker” that would provide relief to households whose property taxes are unreasonably high relative to their income. Currently, 33 states and the District of Columbia provide some type of property [...]

Anthony Troia2015-03-06T09:28:56-05:00March 5th, 2015|City Budget, Reports, Briefs and Presentations, Tax & Budget, Tax Policy|

A missed opportunity: Gov. Andrew Cuomo’s proposed budget needs to firmly invest in the Empire State

February 15, 2015. Gov. Andrew Cuomo's budget proposal takes some positive steps forward in clearly acknowledging, for the first time in his tenure, the incredible child poverty and income inequality that exist in our generally affluent state. He also wisely recognizes the need to give greater property tax relief to those who need it most rather than spreading it too thinly. However, for every step forward the governor takes in addressing some critical issues, he takes two steps back by continuing his austerity spending at a [...]

Anthony Troia2015-02-20T15:09:42-05:00February 15th, 2015|City Budget, Letters, State Budget, Tax & Budget, Tax Policy|

New York State Economic and Fiscal Outlook 2015-2016

February 10, 2015. In its 25th annual New York State briefing book, the Fiscal Policy Institute analyzes and comments on Governor Andrew Cuomo’s 2015-2016 Executive Budget. Governor Andrew Cuomo’s Executive Budget proposal takes some positive steps forward in clearly acknowledging, for the first time in his tenure, the incredible child poverty and income inequality that exist in our generally affluent state and recognizing the need to give greater property tax relief to those who need it most rather than spreading it too thinly. However, for [...]

Anthony Troia2020-11-13T14:17:41-05:00February 10th, 2015|City Budget, Reports, Briefs and Presentations, State Budget, Tax & Budget, Tax Policy|

Testimony at the Joint Legislative Public Hearing on the 2015-2016 Executive Budget – Taxes

February 9, 2015. Executive Director Ron Deutsch testified before the Senate Finance and Assembly Ways and Means Committees on the Governor’s 2015-2016 Proposed Budget and Financial Plan. Governor Andrew Cuomo’s Executive Budget proposal takes some positive steps forward in clearly acknowledging, for the first time in his tenure, the incredible child poverty and income inequality that exist in our generally affluent state and recognizing the need to give greater property tax relief to those who need it most rather than spreading it too thinly. However, [...]

Anthony Troia2015-02-09T15:54:07-05:00February 9th, 2015|City Budget, State Budget, Tax & Budget, Tax Policy, Testimony|

Living Wage and Minimum Wage Efforts

July 30, 2015. Given the long-standing gap between the growth in wages and productivity that has eroded living standards for most workers and their families in New York and around the country, raising the wage floor has become an economic policy imperative. FPI has been at the forefront in efforts in New York State and New York City to raise wages for low-wage workers. FPI played an important role in efforts to convince the New York Fast Food Wage Board in June and July 2015 [...]

Anthony Troia2020-11-13T14:58:52-05:00February 9th, 2015|Economic Trends & Policy, Labor Market & Workforce, Reports, Briefs and Presentations|

2015 State Budget Briefing in NYC

On Tuesday morning, February 12, 2015, the Fiscal Policy Institute will present a New York State Budget briefing to the Economic Justice and Social Welfare Network at the Federation of Protestant Welfare Agencies. The briefing presentation will be from 9:30 a.m. to 11:00 a.m. The briefing is open to the public. To register for this free event, please click here. The briefing will examine various aspects of the governor’s Executive Budget including such topics as: Austerity Budgeting/Financial Plan: What are the impacts of continued austerity [...]

Anthony Troia2020-12-21T14:48:16-05:00February 6th, 2015|Fact Sheets|

2015-2016 Annual Budget Briefing in Albany

On Tuesday morning, February 10, 2015, the Fiscal Policy Institute will present its twenty-fifth annual budget briefing in the Clark Auditorium of the New York State Museum on the concourse level of the Empire State Plaza. Please note the venue change for this year’s briefing. A complimentary continental breakfast will be available from 8:15 a.m. until our presentation begins at 9:00 a.m. We will finish promptly at 10:00 a.m. We hope that you and/or members of your staff will be able to join us for [...]

Anthony Troia2020-12-21T14:48:16-05:00January 28th, 2015|Fact Sheets|

New York’s Top 1% See All Income Gains Since Recession

January 26, 2015. The incomes of the top 1 percent in New York State were nearly 50 times more than the bottom 99 percent in 2012, according to new analysis published by the Economic Policy Institute for the Economic Analysis and Research Network (EARN). The Fiscal Policy Institute is a founding member of the EARN network. In The Increasingly Unequal States of America: Income Inequality by State, 1917 to 2012, economists Estelle Sommelier and Mark Price update their analysis of IRS tax data—using the same [...]

Anthony Troia2020-11-13T14:27:56-05:00January 26th, 2015|Economic Trends & Policy, Labor Market & Workforce, Press Releases|

Preliminary Analysis: Budget Takes One Step Forward and Two Steps Back

January 21, 2015. Ron Deutsch, Executive Director “The Governor’s proposal takes some positive steps forward to deliver targeted property tax relief and address poverty in the state. However, for every step forward we take two steps back if we don’t dramatically increase aid to our fiscally stressed schools and local governments and commit substantial resources to ending child poverty in our state.” James Parrott, Deputy Director and Chief Economist “To really help the poor and the middle class, we need to scrap the 2% spending [...]

Anthony Troia2015-01-21T19:39:32-05:00January 21st, 2015|City Budget, Press Releases, State Budget, Tax & Budget, Tax Policy|

New Analysis Confirms Low- and Middle-Income New York Taxpayers Pay Higher Tax Rate than the Richest New Yorkers

January 16, 2015. A new study just released by the Institute on Taxation and Economic Policy (ITEP) and the Fiscal Policy Institute (FPI) finds that the wealthiest New Yorkers are paying a smaller share of their income in state and local taxes than lower-income families that are struggling everyday to make ends meet. New York households with incomes under $100,000 pay higher effective state and local tax rates, ranging from 10.4% to 12%, than the richest 1% of households with incomes over $600,000, who pay [...]

Anthony Troia2015-01-16T10:00:07-05:00January 16th, 2015|City Budget, Reports, Briefs and Presentations, Tax & Budget, Tax Policy|