Sub-Topics

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)

New York’s Unemployment System Depends on Continued Federal Assistance

May 11, 2020

Following the Great Recession, New York’s Unemployment Insurance Trust Fund only achieved a positive fund balance for the first time in fiscal year 2016. On January 1, 2020, the balance stood at $2.65 billion, but the fund was nearing insolvency according to a report by the U.S. Department of Labor.

Since the COVID-19 pandemic mitigation began eight weeks ago, over 1.7 million New York residents have filed for unemployment, which is roughly 5 percent of the nation’s … (read more)

Fines and Fees: Raising Revenue at the Community’s Expense

As New York State looks toward restarting the economy in the wake of COVID-19, a new report from the Fiscal Policy Institute (FPI) warns local governments not to rush to build revenue through the use of fines and fees – a long-standing, inequitable source of funding primarily drawn from low-income communities and communities of color.

Between 2010 and 2017, 31 city governments, out of 62, in New York State reported an increase in expected fine revenue in their annual budgets, … (read more)

FPI Comments on Federal Reserve Action

April 17, 2020

Recently, the Federal Reserve took a welcome step forward for states struggling in the wake of the pandemic by creating a new way to lend money directly to states and municipalities.  Through the Municipal Liquidity Facility, New York and other states struggling with a sudden drop-off in much-needed revenue can now access the funds needed to cover essential services.

While this is helpful in the short-term, states will need to borrow until their revenues recover. And that … (read more)

Report: Spotlight on NY’s Essential Workers

The coronavirus crisis has put a new focus on “essential workers,”  people who are bringing deliveries to our homes, working in supermarkets and convenience stores, keeping the public transportation system functioning, providing social services and childcare, and working in the healthcare industry.

These essential workers have always played a critical role in keeping our communities running. At a time when many streets are eerily empty, however, we can see all the more clearly who is still out there making sure … (read more)

Don’t Let the Pandemic Shortchange Our State Budget Process

For Immediate Release: March 31, 2020

 

(Albany, NY) Today the Fiscal Policy Institute (FPI) released a set of recommendations to safeguard New York’s budget process and ensure a just budget for all. Predictions of a budget shortfall preceded the unforeseen economic impact of the pandemic and FPI urged leadership to think beyond the continued use of the same austerity budget measures put in place year after year. Now, faced with the urgent needs of our community members, FPI urges … (read more)

FPI’s 2020 State Budget Presentations

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? FPI took a look at the proposed executive budget and shared our thoughts in two presentations, one in Albany and one in New York City. If you missed those informative events, you can still take a look at what was presented.

Fiscal Policy Institute Reacts to Governor Cuomo’s State of the State Address

FOR IMMEDIATE RELEASE: January 8, 2020

Media Contact: Fern Whyland, Communications Director, whyland@fiscalpolicy.org, 315-436-0558

Fiscal Policy Institute Reacts to Governor Cuomo’s State of the State Address

FPI Agrees that New Yorkers Deserve Results, Not Rhetoric 

Statement from Ron Deutsch, Executive Director, Fiscal Policy Institute
 
“Governor Cuomo is right that New Yorkers deserve results, not rhetoric. While our state economy booms, we continue to be short-changed by austerity budgeting. Missing from the governor’s State of the State address is clarity
(read more)

Join Us for Tax Justice NY!

You are invited to FPI’s new FREE event”Tax Justice NY: Moving from Austerity to Prosperity” in Albany on Monday, December 9th, from 11:30 am – 2:30 pm in Meeting Room 5, Empire State Plaza. Our state’s tax policy is a tool we can all use to eliminate existing racial, ethnic, and gender inequities and increase economic equality for all New Yorkers.  We are excited to partner with state and national advocacy organizations to bring these informative and energizing panel discussions … (read more)