2020

Holiday Season Underscores the New Yorkers’ Need for Support as Pandemic Deepens Inequity

Read the report:  The Pandemic Recession: Hitting Immigrants and People of Color Hardest The Pandemic Recession: Hitting Immigrants and People of Color Hardest

 (Albany, NY) — The holiday season is beginning in our state as never before with a second COVID wave bearing down on the health and financial stability of New Yorkers. While the COVID-19 is a threat to us all, immigrants and people of color are by far hit the hardest. And undocumented immigrants may be hit harder still since they are concentrated in several of the industries that have seen … (read more)

COVID-19 Revenue Shortfalls Threaten Increase to Fines and Fees

 November 2020

Declining revenues threaten New York State’s Local Governments, starting with steep declines in sales tax revenue collections. This revenue stream, which annually totals just over $16 billion for New York State’s counties, cities, towns, villages, and school districts, is expected to shrink precipitously in 2020 and into 2021, exceeding the six percent decline realized during The Great Recession.[i] At the same time, the state’s property tax cap limits local governments’ ability to bolster local revenues. Moreover, … (read more)

October Media

FPI is your go-to resource for messaging on the issues affecting New Yorkers across the state. 

nation.lk (content portal) 10/24 opinion piece links to 2016 joint FPI & Center for American Progress report “Refugee Integration in the United States” 

https://www.nation.lk/online/opinion-refugees-like-my-ancestors-are-part-of-what-made-america-great-17012.html

Gotham Gazette 10/20 FPI’s chief economist Jonas Shaende quoted on NYC COVID expenses in “New York City COVID Spending Tops $4 Billion, Virtually All Covered by Federal Funds”

https://www.gothamgazette.com/city/9835-new-york-city-four-billion-dollars-covid-spending-federal-funds

The City 10/14 FPI May report cited in “Calls to Tax … (read more)

The HEROES Act Should Include Undocumented Taxpayers

Across the United States, undocumented immigrants and their families are still experiencing eviction, food insecurity, hunger, and financial difficulties due to COVID-19. Federal relief has continuously excluded this population of immigrants from income replacement assistance, stimulus payments, and unemployment insurance, which has exacerbated the adverse economic effects on undocumented families.

Earlier this year, the federal government passed the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) to provide financial relief to families who were impacted by COVID-19. Sadly, undocumented … (read more)

Medicaid Cuts Would Put 554,000 Essential Workers in New York at Risk

October 14, 2020

Many of New York’s “essential workers,” people working in jobs deemed necessary throughout the COVID pandemic, rely on Medicaid for their own health care. They risk severe hardship if federal policymakers fail to provide appropriate increases in Medicaid funding or weaken protections for program enrollees, according to a new analysis from the Center on Budget and Policy Priorities. In New York State over half a million, 554,000, essential workers rely on Medicaid.

The economic fallout from the … (read more)

Pandemic Economics Demand A Diverse Response

October 14, 2020

In light of New Jersey’s adoption of a millionaires tax to help fill a statewide revenue hole caused by the coronavirus, many asked what about New York? Like New Jersey, New York was hard hit by the pandemic, and its economy continues to suffer. Like New Jersey, New York has historic fiscal problems with a budget shortage of $14.5 billion this year, and in the tens of billions of dollars over the next several years. Like New … (read more)

Congress Must Agree on COVID Relief Package in the Next Week

The coronavirus pandemic has hurt us all. It has harmed our physical and mental health and economic well-being. As of September 24, 2020, COVID-19 has sickened over 7.2 million Americans and killed more than 207,000. The pandemic has harmed our economy, causing large-scale business shutdowns, which were ordered to protect public health. Tens of millions of Americans lost their jobs and incomes because of the pandemic, resulting in record-high unemployment rates and a rising need for services in New York … (read more)

New Poll Shows Overwhelming Majority of New Yorkers Support More Equitable Taxation to Raise State Revenue

September 1, 2020

Nine in Ten New Yorkers Support Increased Taxes on Incomes of $1 million and Above; Overwhelming Majority Oppose Cuts to Social Services to Address Budget Gap

New York – As New York State faces a dire budget crisis due to the COVID-19 pandemic, new polling conducted by a coalition of unions shows an overwhelming majority of New Yorkers continue to support increased taxes on the wealthy to close the deficit, rather than drastic cuts to education, healthcare … (read more)

Robust Rental Assistance Needed to Protect Tenants

August 2020

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Governor Cuomo has extended the state’s limited eviction moratorium until September 4, 2020 but the application window for the state’s $100 million COVID Rent Relief program closed on August 6, 2020. Many of New York State’s renters require assistance above and beyond the programs and protections currently in place.

The COVID Rent Relief program has limitations. It will only provide up to four months of rental assistance for those earning below 80 percent of … (read more)

Group Calls For NY ‘Mark-To-Market’ Tax To Raise $5.5B

August 12, 2020

“New York should pass a so-called mark-to-market tax bill to raise $5.5 billion annually and help the state during its post-pandemic recovery, a report by the left-leaning Fiscal Policy Institute said Wednesday.

The labor-backed policy group endorsed the mark-to-market tax proposal as New York faces a $14 billion revenue shortfall and estimated 20% cuts to education, hospitals, local governments and nonprofits. While state Democratic lawmakers and Gov. Andrew Cuomo, a Democrat, have been pushing federal lawmakers to … (read more)