Monthly Archives: February 2016

Full Implementation of Obama’s Immigration Executive Actions Would Bring $82 Million in Tax Revenues to New York

February 24, 2016. A 50-state study released today by the Institute on Taxation and Economic Policy, co-released in New York by the Fiscal Policy Institute, finds that if President Obama’s executive actions on immigration were permitted to be fully implemented they would bring an additional $82 million in New York state and local tax revenue compared to not having the actions in place. The executive actions would add to the tax revenue in all 50 states and in the District of Columbia. Nationally, the report [...]

2024-12-18T12:27:01-05:00February 24th, 2016|Migration, Press Releases, Reports, Briefs and Presentations, Tax & Budget, Tax Policy|
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Figures from New York State Economic and Fiscal Outlook 2016-2017

All the figures listed below are in JPEG format. The briefing book page number on which each figure appears is included below. NYS FY 2017 Revenues - Page 4 NYS FY 2017 Expenditures - Page 5 Fig 1. Local Assistance and Support to State Agencies Keeps Falling Because of Governor's 2% Spending Cap - Page 10 Fig 2. NY's Economic Ability to Pay Well Exceeds the Governor's 2% State Spending Limit - Page 11 Fig 3. Characteristics of NYS Workers Who Would Benefit from an [...]

2024-12-18T12:27:01-05:00February 16th, 2016|Reports, Briefs and Presentations|
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Instead of a New York City property tax cap, why not reform?

February 10, 2016. An op-ed by James Parrott, City & State. The New York state Senate approved legislation on January 26 that would cap the growth in New York City property taxes at the lesser of inflation or 2 percent a year. The 45-16 vote occurred while Mayor Bill de Blasio was testifying nearby at a Joint Legislative Budget hearing. State senators in favor of this bill made a three-pronged argument: property taxes have become too burdensome for middle-class homeowners; the property tax caps for [...]

2024-12-18T12:27:02-05:00February 10th, 2016|Letters, Tax & Budget, Tax Policy|
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New York State Economic and Fiscal Outlook FY 2017

February 3, 2016. In its 26th annual New York State budget briefing book, the Fiscal Policy Institute analyzes and comments on Governor Andrew Cuomo’s FY 2017 Executive Budget. The Executive Budget advances some bold and progressive proposals that well reflect the values and needs of New Yorkers. In particular, the governor has shown great leadership and vision in forcefully advocating for a first-in-the nation statewide $15 minimum wage. If enacted, the minimum wage increase would lift the incomes of 3.2 million New Yorkers who desperately [...]

2024-12-18T12:27:02-05:00February 3rd, 2016|City Budget, Economic Outlook, Economic Trends & Policy, Education, Healthcare, Labor Market & Workforce, Reports, Briefs and Presentations, Social Policy, State Budget, Tax Policy|
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Executive Summary: New York State Economic and Fiscal Outlook FY 2017

February 3, 2016. Vice President Joe Biden once said, “Don’t tell me what you value, show me your budget, and I’ll tell you what you value.” Governor Cuomo’s 2017 Executive Budget advances some bold and progressive proposals that well reflect the values and needs of New Yorkers. In particular, the governor has shown great leadership and vision in forcefully advocating for a first-in-the nation statewide $15 minimum wage. If enacted, the minimum wage increase would lift the incomes of 3.2 million New Yorkers who desperately [...]

2024-12-18T12:27:02-05:00February 3rd, 2016|Reports, Briefs and Presentations, State Budget, Tax & Budget, Tax Policy|
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Testimony at the Joint Legislative Public Hearing on the FY 2017 Executive Budget – Taxes

February 2, 2016. Executive Director Ron Deutsch testified before the Senate Finance and Assembly Ways and Means Committees on the Governor’s FY 2017 Proposed Budget and Financial Plan. Income inequality has increased in New York during the recovery with income for the 1 percent growing faster than the average income for everyone else. New York’s combined state and local tax structure is regressive and several rounds of substantial multi-year tax cuts in the past three years have done nothing, on net, to make the tax [...]

2024-12-18T12:27:02-05:00February 2nd, 2016|City Budget, State Budget, Tax & Budget, Tax Policy, Testimony|
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