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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.
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 … (read more)
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 … (read more)
January 10, 2017. The following op-ed by Ron Deutsch appeared in the Buffalo News.
Poverty. While it may not be the glitz and glamour of a flashy news story, it is a very real and pervasive issue for millions of Americans, particularly in New York State. As such, and especially in the aftermath of the 2016 election, it should be clear to members of both political parties that struggling workers face real challenges and need real solutions.
The need in … (read more)
December 11, 2016. This op-ed by Lorelei Salas and James Parrott appeared on crainsnewyork.com and in the December 12, 2016 print edition of Crain’s New York Business.
When the state’s minimum wage rises to $11 an hour from $9 on Dec. 31, workers at New York City businesses with more than 10 employees will see the largest percentage minimum-wage increase in 60 years. It will be a welcome and much-needed addition to paychecks for more than 800,000 low-wage workers struggling … (read more)
Wednesday, October 19. As many cities across the nation experience population decline and an increase in vacant and distressed property, there is a need for economic and housing revitalization. New research from Welcoming Economies Global Network and Fiscal Policy Institute indicates that immigrants represent some of the brightest potential for revitalizing urban communities. However, experience suggests, that immigrants are often overlooked and underestimated by homeownership, community development, and affordable housing advocates, practitioners, and programs.
This report, which includes an interactive … (read more)
September 22, 2016. James Parrott, a member of the New York City Council’s Task Force on Economic Development Tax Expenditures chaired by Finance Committee Chair Julissa Ferreras, presented this testimony at a September 22 hearing on the Task Force report and recommendations for a rigorous, ongoing evaluation procedure. He also urged the Council to convene a hearing on the Hudson Yards property tax breaks, the costs of which are rapidly rising.
September 19, 2016. New York has reason to be optimistic as poverty is declining and incomes are on the upswing, according to new data from the U.S. Census Bureau.
FPI notes that there were significant declines in the overall poverty rates for New York State and New York City in 2015 from 2014 (but no other significant year-over-year changes).
The New York State poverty rate for 2015 was 15.4%, down 0.5% from 2014 (15.9%) resulting in approximately 90,000 fewer New … (read more)
Friday, July 22. David Dyssegaard Kallick, Director of the Immigration Research Initiative at the Fiscal Policy Institute since 2007, will be presenting at The Coalition of Urban and Metropolitan Universities’s 2016 CUMU Conference’s Opening Keynote.
David Dyssegaard Kallick’s keynote speech, titled “Can Immigrants Revitalize America’s Shrinking Cities?” will take place on Monday, October 24th from 8:30-10:00 AM at the 22nd Annual CUMU Conference: Charting the Future of Metropolitan Universities in Washington, D.C. His speech will explain why institutions in urban … (read more)
July 5, 2016. Last week, the Ohio, Pennsylvania and West Virginia organizations that are part of the Multi-State Shale Research Collaborative (MSSRC), released two new reports: a handbook for local officials entitled Lessons from the Gas Patch: A Local Government Guide for Dealing with Drilling; and A Report Card on Shale Gas Policies in Ohio, Pennsylvania, and West Virginia.
The new reports build upon
