2017 Albany Annual Budget Briefing
On Tuesday morning, February 7, 2017, the Fiscal Policy Institute will present its twenty-seventh annual budget briefing in Meeting Room 7 of the Empire State Plaza Convention Center. Please note the venue change for this year’s briefing. A complimentary breakfast and check-in will begin at 8:30 a.m. Our presentation begins at 9:00 a.m. and ends at 10:00 a.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 the governor’s Executive Budget including such topics as:
- Income Inequality in New York State: Income inequality has been growing over the past five years in NYS. How do the governor’s budget proposals and our current tax system affect this major problem? We will provide the most recent research and analysis on the issue.
- Millionaires’ Tax: The governor has made the temporary extension of the millionaires’ tax a centerpiece of his Executive Budget proposal. FPI will provide details on how state residents are impacted and the reasons we should not only extend, but expand, this progressive tax. FPI will present an alternative tax proposal to create a more permanent and equitable rate structure for NYS.
- Federal Funding at Risk: With over one-third of our budget coming from the federal government there is great concern as to how policy changes in Washington will impact our state’s finances. Based on current proposals, we will detail the potential impact that federal policy changes could have on health insurance, social services, Medicaid, and taxes, and explore ways to address these potential funding shortfalls.
- Austerity Budgeting/Financial Plan: What are the impacts of continued austerity spending resulting from the governor’s self-imposed 2 percent state spending cap? Is it necessary to continue this austerity spending which will result in billions in unspecified cuts in out-years when incomes and tax receipts are growing faster than 2 percent per year? FPI will provide an analysis of the negative impacts of the cap on state agencies, human services and local governments.
- FY 2018 Executive Budget: What are the major policy issues that the governor addresses in the Executive Budget? What are the glaring omissions in the issues being addressed? What is the overall impact of the governor’s proposed budget on the ability of the state to meet its major social and economic challenges and opportunities such as the exceptionally high child poverty rates in the major upstate cities? We provide our analysis of the governor’s proposals on taxes, education, human services, economic development, housing, local government, minimum wage, and more.
- Shared Opportunity Agenda for New York: FPI will outline progressive public policies that can be adopted to ensure that we create more shared opportunities to help lift New Yorkers out of poverty and provide avenues for upward mobility.
If you have any questions about the February 7th briefing or about any budget or economic policy issues, please contact us by telephone at 518-786-3156 or by e-mail at firstname.lastname@example.org. For more information on FPI and its work, and for copies of all of FPI’s publications, please visit our website at www.fiscalpolicy.org.
Please register by Monday, February 3, 2017.