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 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 sector and discuss changes needed to raise wages in that sector.
- The impact on New York City and its budget of the Governor’s proposed 2015-2016 Executive Budget.
- Highlights of FPI’s recent report on NYC tax trends and discuss priorities for NYC tax reform.