2020

Legislators Pledge “No Cuts Without Revenue Raisers”

June 24 – Media round-up on legislators pledge.

As part of FPI’s efforts this year with our statewide revenue working group, we brought state legislators, union, and advocates together for two successful events in June – a legislative discussion state tax reform action that could be accomplished while we are waiting for federal assistance and a press conference unveiling a statement of principles signed by 100 state legislators along with unions and economic advocacy organizations, where they pledged to reject … (read more)

Legislators Unite for People-Centered Recovery

One hundred New York State Senate and Assembly members, along with statewide unions, the Fiscal Policy Institute, and the Strong Economy for All Coalition, called for no state budget cuts without raising revenue. The coalition has released a signed statement of principles calling for a balanced state tax policy where everyone pays their fair share and a post-pandemic economic recovery plan centered on the best engine for recovery – individual New Yorkers and their communities.

Read the full statement here(read more)

The Fiscal Policy Institute’s Three-Point Plan for Re-Building New York

 May 27, 2020. The Fiscal Policy Institute today warned state legislators and the governor that New York’s financial and social woes will only worsen if they attempt to return to an austerity budget model. The pandemic’s public health crisis and subsequent economic downturn deepened an existing budget shortfall and with the deficit projected to be at least $13 billion, the state faces an extraordinary fiscal challenge. There is no simple solution to this crisis which will require bold innovation from … (read more)

NYS Unemployment Factsheet for April

New York State’s April 2020 unemployment rate stood at 14.5 percent – up from 4.1 percent in March -and was the state’s largest recorded monthly increase since 1976 when the current record-keeping began. In the seven weeks between March 10 and April 25, 2020, New York State processed over 1.5 million initial unemployment insurance claims from residents, which represents more people than the entire population of the state of Maine. Look for more monthly factsheets covering unemployment in New York … (read more)

In Solidarity

The Fiscal Policy Institute stands in solidarity with protesters voicing outrage over the recent murders of George Floyd and Breonna Taylor, and the long history of violent abuse and killing of Black people at the hands of police in city after city, town after town, year after year.

Black lives matter. Yet the history of racism built into our society actively harms Black people. We must do better for our state and our nation.

In our research at the Fiscal … (read more)

Local Government Reliance on Fines and Fees to Raise Revenues Hurts Residents and Communities

Across New York State, fines and associated fees are relied upon by local governments as a source of local revenue. Decreased aid from the state coupled with the 2-percent property tax cap, which was enacted in 2011 and restricts annual property tax increases to the lesser of 2-percent or the rate of inflation, has led to decreased revenues for local jurisdictions. To make up for budget shortfalls – which have worsened during COVID-19 – local governments may be tempted to … (read more)

Refugee Resettlement Agencies Are Providing Essential Services During COVID-19

Now more than ever, refugee resettlement agencies are providing essential services to refugees and also to a number of other community members, to help protect everyone during the COVID-19 pandemic.

Prior to the pandemic, the Fiscal Policy Institute showed how refugee resettlement agencies are anchor institutions in their communities, providing services for some of the most vulnerable community members, jobs for local residents, and a productive use for buildings that in some cases might otherwise be vacant. The importance … (read more)

1.2 Million New Yorkers Excluded from the CARES Act

 

Undocumented immigrants are being affected by COVID-19 like all other New Yorkers, but unlike others they are being systematically excluded from federal economic assistance programs.

The $2 trillion Coronavirus Aid, Relief, and Economic Security (CARES) Act included financial support for many families and businesses through this difficult period. But, despite the efforts of some members of Congress, the CARES Act very specifically excluded undocumented immigrants, and in some cases as collateral damage they excluded the children and spouses of … (read more)

Strengthen Medicaid and Protect Health Coverage for New Yorkers

May 20, 2020

This time last year, New York celebrated its lowest rate of residents without health insurance to date at 5 percent. A historic low that is a continuation of nearly a decade of decline in people who lack health insurance, this record-breaking success set New York apart from the national trend of rising uninsured rates.

The public health and economic crisis caused by the COVID-19 pandemic threatens past success in reducing the rate of the uninsured in New … (read more)

Unemployment Insurance Taxes Paid for Undocumented Workers in NYS

May 14, 2020

In the midst of a pandemic, there has been a growing call for undocumented immigrants, who make up five percent of the New York State labor force, to be covered by some form of unemployment insurance. What is often overlooked in discussions of unemployment insurance is the extent to which undocumented immigrants are already part of paying into the existing system, even when they are excluded from collecting benefits.

Undocumented immigrants face the same challenges as other … (read more)