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Register for FPI’s Annual Executive Budget Presentation

Our state budget is an opportunity to define our values and choose our future. Will our actions reinforce inequity and inequality or can we pull together to create a more just New York for all? Do you share our Vision 2020? Register for our annual presentation on the Executive Budget.
Join us for the 30th anniversary of this annual event – register now! Date: Wednesday, February 12, 2020 Time: 8:30 am – 9:00 am: check-in; 9:00 am – 10:00 am … (read more)

The New York State Budget Must Support All New Yorkers.

 

As the New York State legislative session begins with the state facing a multi-billion-dollar state budget deficit, the question is clear—what kind of New York do we want and how will we get there?  The Fiscal Policy Institute (FPI) urges Governor Andrew Cuomo, Senate Majority Leader Andrea Stewart-Cousins and Assembly Speaker Carl E. Heastie to choose sound economic and social policies that promote growth and development for the many rather than the few so that all New Yorkers have … (read more)

New York’s 4.5 Million Immigrants Will Look to Governor Cuomo’s Leadership to Protect Them Against Federal Attacks

We welcome Governor Cuomo’s focus on the diversity of New York in his State of the State address. The governor was clear that our state was and is comprised of a wide variety of peoples who are all working to create a better future for themselves and our state.

We also commend the governor for acknowledging the difficulties immigrants face obtaining employment. His proposal to make occupational licensing possible for some immigrants is a small but welcome step. The measure … (read more)

New Report: Economic Impact of Long Island’s Opioid Crisis

The Fiscal Policy Institute’s new report “The Staggering Cost of Long Island’s Opioid Crisis” revealed the economic impact of this health crisis and how the financial burden is borne by all of us: as taxpayers, consumers, and businesses. While the devastating personal costs of addiction have always been clear, the report shows just how significant the effect has been on Long Island’s economy through lost productivity, and other costs to businesses, emergency services, libraries, and others. On Long Island, the … (read more)

Our Federal Tax Policy Can Strengthen NYS Communities

We can use federal tax policy to help struggling New Yorkers and support local communities with the Working Families Tax Relief Act (WFTRA). More than 6.5 million New York State residents would directly benefit from WFTRA’s tax credits and tax reductions to boost incomes – especially helpful as most workers have seen their wages stagnate. WFTRA would expand the Earned Income Tax Credit (EITC) for families with children and strengthen it for workers not raising children. The legislation would also … (read more)

Legislators & Advocates Call for Working Family Tax Credits to Fight Childhood Poverty

On many levels, New York is an affluent state with high median incomes, quality schools, and prosperous corporations, but as the United Way reports, 45 percent of households in NYS cannot afford basic necessities.  As evidenced by the United Way of New York’s comprehensive, data-driven ALICE (Asset Limited, Income Constrained, Employed) report, relying on the federal poverty guidelines is a poor measure – it is clear that while struggling working families may be above the poverty line, they are far … (read more)

Fiscal Policy Institute Response to the 2019-2020 Adopted Budget

Fiscal Policy Institute Response to the 2019-2020 Adopted Budget

Read FPI’s comprehensive overview of the NYS budget.

Revenues

This year’s budget raises revenues from a number of different areas, and does so through a number of well-founded approaches. The Fiscal Policy Institute supports the newly enacted luxury real estate tax, which makes property taxes more progressive. We support congestion pricing, which will raise needed revenues for the transit system while reducing traffic in Manhattan. And we support the collection of … (read more)

New York’s Pathway to Shared Prosperity: Economic and Fiscal Outlook for FY 2020

February 12th, 2019. 

The Fiscal Policy Institute released its 29th annual New York State budget briefing book, New York’s Pathway to Shared Prosperity: Economic and Fiscal Outlook for FY 2020. FPI’s budget briefing book analyzes the Governor’s FY 2020 Executive Budget and makes policy recommendations that would benefit all New Yorkers in the areas of taxes, human services, immigration, education, and more.

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You can find the sections of the report below:

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Refugees as Employees: Good Retention, Strong Recruitment

May 22, 2018.

Employers that hire refugees see positive outcomes for their businesses, according to a report released today by the Fiscal Policy Institute and the Tent Partnership for Refugees. The study, based on over 100 interviews in four regions of the country, finds that when employers hire refugees they see lower turnover rates among refugees, and widen their pool of potential employees. In addition, many see overall improvements in the company, with their managers becoming more versatile as they … (read more)

Interactive Maps: SNAP Participation Rates and SNAP Retailers

May 7, 2018. The Supplemental Nutrition Assistance Program, SNAP for short, is the country’s largest and most effective nutrition program. In New York State, over 2.8 million people utilize SNAP every year, including 1.1 million children. More than $4.9 billion in SNAP benefits were spent at over 18,000 New York retailers in 2016. SNAP is a part of the Farm Bill, a piece of legislation which authorizes most federal policies governing food and agriculture programs. Approximately 80 percent of the … (read more)