2017 - Page 9 of 10 - Fiscal Policy Institute

March 2017 NYC Budget Presentation

In his briefing on Mayor deBlasio’s Preliminary FY 2018 NYC Budget, James Parrott highlights the following: Cautious in face of an uncertain Washington: Federal aid is 1/3 of State budget (which is 18% of City budget); 8-10 % of City budget; 64% of NYCHA budget; and nearly half of the Health and Hospitals budget. State budget better this year, but still challenges: Governor proposed to extend millionaires tax, but it should be enhanced; threat to CFE-settlement determined school aid; handful of negative budget impacts for NYC. Before Trump’s [...]

Anthony Troia2021-01-07T12:36:02-05:00March 16th, 2017|Blog, State Budget|

Trump’s Merit-Based Immigration Plan Could Mean a Smaller Buffalo

March 14, 2017. In an article featured in the Buffalo News, impacts on Buffalo due to President Trump's possible merit-based immigration plan are discussed such as population decline, a smaller tax-base, an older population and a decrease in availability of workers for jobs that pay lower wages. FPI's David Dyssegaard Kallick was quoted discussing the impact Trump's merit based immigration plan would have on the workforce. Trump asked the two senators to work on adding a merit-based component to their bill. Under such a system, [...]

Anthony Troia2021-01-07T12:36:43-05:00March 14th, 2017|FPI in the News|

Billing the Benefits

March 13, 2017. FPI's David Dyssegaard Kallick was quoted in an article, featured in the Manhattan Times, discussing the tax and economic contributions of undocumented immigrants and the effects a mass deportation program could possibly have in New York State. David Dyssegaard Kallick, Director of the Institute’s Immigration Research Initiative, said that tax revenue would increase by another $247 million a year if those people were able to work legally. The report also predicted that a policy of mass deportation would cause a huge disruption [...]

Anthony Troia2021-01-07T12:37:01-05:00March 13th, 2017|FPI in the News|

Charita Goshay: The Golden Door Swings Both Ways

March 12, 2017. FPI's immigrant business ownership statistics were cited in an article arguing that hostility, violence and anger against immigrants is not "American" and that the door, referred to as the "Golden Door," which is shutting immigrants out can be used to leave and find a more homogeneous home. We now are in the midst of mosque burnings, and a series of bomb threats aimed at Jewish facilities across the country, not to mention the cemeteries that have been vandalized. The seepage of anti-Semitism, [...]

Anthony Troia2021-01-07T12:37:37-05:00March 12th, 2017|FPI in the News|

Letter: Immigrants, refugees greatly benefit region

March 10, 2017. A letter was featured in The Buffalo News in response to FPI's David Dyssegaard and International Institute of Buffalo's executive director, Eva Hassett's op-ed discussing refugee's contributions to Buffalo's economic revitalization and the need for funding for resettlement agencies facing federal funding cuts. Regarding the Sunday Viewpoints article about refugees, by David Dyssegaard Kallick and Eva Hassett: I hope many people read it and heard the message, that refugees are good for the Buffalo and Western New York economies. We, as Americans, [...]

Anthony Troia2021-01-07T12:37:56-05:00March 10th, 2017|FPI in the News|

2017 Budget Forum, Elmira, NY

March 8, 2017 - Fiscal Policy Institute Holds Information Session ELMIRA, N.Y. (18 NEWS) - The Fiscal Policy Institute, a group affiliated with the labor movement offered an information session on the state budget at Catholic Charities in Downtown Elmira on Wednesday. One major issue discussed was the millionaires' tax, which is set to expire at the end of this year. State legislators can let it expire, extend it as is, or expand it. The Fiscal Policy Institute claims expanding the millionaires' tax would largely [...]

Anthony Troia2021-01-07T12:38:17-05:00March 9th, 2017|Blog, State Budget|

GUEST VIEW: Refugees Good for Utica’s Economic Development

March 8, 2017. In an op-ed, FPI’s David Dyssegaard Kallick and executive director of the Mohawk Valley Resource Center for Refugees, Shelly Callahan, argue that refugee resettlement is good for Utica's economic revitalization. Immigrants and refugees are already reversing population loss. Over the past 15 years, Utica finally turned around its population decline, stabilizing and even squeaking out a little bit of population growth, according to Census Bureau estimates. Look a little deeper, though, and you'll see a story about the importance of refugees and [...]

Anthony Troia2021-01-07T12:38:37-05:00March 8th, 2017|FPI in the News, Letters|

Policy Brief: Expand the Millionaires’ Tax and Address New York’s Worst-in-the-Nation Income Inequality

March 7, 2017. The millionaires’ tax is New York’s fiscal Swiss Army knife, a tool that addresses many different needs. It helps fund important priorities, balance the New York State budget, respond to heightened income inequality, and lessen the overall regressive state and local tax structure. And it is very much needed in New York today. PDF of full Policy Brief

Anthony Troia2021-01-07T12:38:56-05:00March 7th, 2017|Reports, Briefs and Presentations, State Budget|

Viewpoints: Refugees are Powering Buffalo’s Revitalization

March 2, 2017. In an op-ed, FPI’s David Dyssegaard Kallick and Eva Hassett, executive of the International Institute of Buffalo argue that refugee resettlement is good for the Buffalo economy. The biggest challenge facing Buffalo is population decline. In 1950, Buffalo had 578,000 residents. In 2015, the population was 283,000, less than half that number. That means empty and deteriorating houses, schools and shops; lower tax revenues to support infrastructure; and fewer working-age residents to support job growth. Immigrants and refugees are already reversing population [...]

Anthony Troia2021-01-07T12:39:21-05:00March 2nd, 2017|FPI in the News|

Economic and Tax Contributions of Undocumented Immigrants in NY

Tuesday, March 2. As the Trump Administration talks about a program of mass deportation - or, who knows, perhaps not? - the question of what contribution undocumented immigrants make to the New York economy is more important than ever. This new report finds that unauthorized immigrants are responsible for $40 billion, or three percent, of New York's economic output, and make up five percent of the labor force. They also pay taxes—a total of $1.1 billion in state and local taxes in New York. The [...]

Anthony Troia2021-01-07T12:39:49-05:00March 1st, 2017|Blog|

Policy Brief: Federal Funding Cuts Could Cause Significant Budget Woes For NYS

February 23, 2017. New York State faces gargantuan budget challenges if the current federal administration is successful in pursuing the many cuts in funding to states proposed thus far. In its most recent policy brief, the Fiscal Policy Institute points out that over one-third of New York’s All Funds budget is comprised of federal funds and billions in additional funds are also sent to local governments, schools, and transportation. Altogether, over $70 billion in federal aid flows to the state and its local governments. The [...]

Anthony Troia2021-01-07T12:27:43-05:00February 23rd, 2017|Blog, State Budget|

Briefing on Mayor de Blasio’s FY 2018 Preliminary NYC Budget

On Friday, March 10, 2017, the Fiscal Policy Institute will present its annual New York City budget briefing to the Economic Justice and Social Welfare Network at the Federation of Protestant Welfare Agencies (FPWA). 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 topics to be covered during the briefing include: An overview of the Mayor's Preliminary FY 2018 City budget NYC's social and economic context at [...]

Anthony Troia2020-12-21T14:48:16-05:00February 20th, 2017|Fact Sheets|

Testimony at the Joint Legislative Public Hearing on the FY 2018 Executive Budget – Taxes

February 7, 2017. Executive Director Ron Deutsch testified before the Senate Finance and Assembly Ways and Means Committees on the Governor’s FY 2018 Proposed Budget and Financial Plan. Income inequality, as indicated by the richest 1 percent share of total income, has grown substantially since 1980 in New York State as well as nationally. One of the most sensible tools the state has to address the growing income gap in New York is the millionaires' tax. The proposed extension of the millionaires' tax will help narrow the gap, [...]

Anthony Troia2021-01-07T12:26:48-05:00February 7th, 2017|State Budget, Testimony|

New York State Economic and Fiscal Outlook FY 2018

February 7, 2017. In its 27th annual New York State budget briefing book, the Fiscal Policy Institute analyzes and comments on Governor Andrew Cuomo’s FY 2018 Executive Budget. This year’s New York State budget negotiations take shape against a worrisome backdrop. The president and congress are threatening to dismantle the Affordable Care Act, make drastic cuts to programs that help millions of New Yorkers, and create a hostile environment for the states four million immigrants. The state has an important role to play to help [...]

Anthony Troia2021-01-07T12:24:59-05:00February 7th, 2017|Blog, Reports, Briefs and Presentations, State Budget|

2017 State Budget Briefing in NYC

On Thursday afternoon, February 16, 2017, the Fiscal Policy Institute will present its New York State budget briefing in New York City at Community Service Society (CSS). Check-in and refreshments will begin at 2:30 p.m. Our presentation begins at 3:00 p.m. and ends at 4:00 p.m. We hope that you and/or members of your staff will be able to join us for what we are confident will be a useful and informative session. You can RSVP online here. The briefing will examine various aspects of [...]

Anthony Troia2021-01-07T12:26:00-05:00February 3rd, 2017|Blog, State Budget|

Yearly Archives: 2017