Economic development policies

Also see the work of Good Jobs New York, a joint project of the Fiscal Policy Institute and Good Jobs First.

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)

Media Roundup: Working Families Tax Relief Act

More than 6.5 million New York State residents would directly benefit from the Working Families Tax Relief Act (WFTRA) which would provide tax credits and tax reductions to struggling workers and their families. 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 make the Child Tax Credit (CTC) refundable, allowing children in families with lower incomes to fully benefit from the program.

Learn more … (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)

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)

FPI Supports Bill to End Company-Specific Subsidies

February 20, 2019. Senator Julia Salazar and Assemblymember Ron Kim were joined by Senator Michael Gianaris, the Fiscal Policy Institute, and community-based organizations as they introduced new legislation to end corporate welfare packages. The proposed bill would enact a collective agreement between all states that join, an interstate compact, to end the costly Race to the Bottom between different cities and states, which has cost many of them billions annually in taxpayers’ money for several decades. The legislation can be … (read more)

Press Release: New Report Reveals How NY Economic Development Funds Shortchange Communities of Color

FOR IMMEDIATE RELEASE 

August 2, 2018 

Media Contact

Yatziri Tovar, yatziri.tovar@maketheroadny.org, 917-771-2818

Ron Deutsch, deutsch@fiscalpolicy.org, 518-469-6769

New Report Reveals How NY Economic Development Funds Shortchange Communities of Color

Report released today by Make the Road New York & the Fiscal Policy Institute shows white males massively overrepresented on Regional Councils and funding for communities of color drastically less than for white communities.

See the press release letter here.

New York, NY (August 2nd, 2018)—Today, Make the Road New York, … (read more)

Brief: New York State’s Continuing Tax Reform: governor’s unincorporated business income tax proposal

July 16, 2018.The State of New York continues to evaluate possible adjustments to its tax system in response to the federal Tax Cuts and Jobs Act of 2017 (TCJA). Governor Cuomo proposed the idea of a statewide unincorporated business income tax (UBT) in early 2018. Perhaps due to the complexity involved, the UBT did not make it into the state budget package along with the other response measures: a payroll tax workaround, decoupling of rules for itemized deductions and … (read more)

FPI joins Government and Budget Watchdogs to Call on Assembly Speaker Heastie to Allow Vote on Database of Deals and Comptroller’s Procurement Integrity Act

June 18, 2018. The Fiscal Policy Institute joined Citizens Budget Commission, Citizens Union, Common Cause NY, and Reinvent Albany in front of the Federal Courthouse in Manhattan to call on Assembly Speaker Heastie to Allow a vote on the Database of Deals and Comptroller’s Procurement Integrity Act.

FPI’s Chief Economist, Jonas Shaende gave the following remarks during the press conference this afternoon, “The lack of transparency and proper oversight enables corruption as is evidenced by these massive criminal trials. The … (read more)

Progressive Groups, Government and Budget Watchdogs Call On Assembly Speaker Heastie to Allow Vote on Database of Deals and Comptroller’s Procurement Integrity Act

Contact:

Ron Deutsch, Fiscal Policy Institute, 518-469-6769

John Kaehny, Reinvent Albany, 917-941-9865

Jessica Wisneski, Citizen Action of New York, 845-901-0264

Jasmine Gripper, Alliance for Quality Education, 347-301-6277

Ethan Geringer-Sameth, Citizens Union; 914-715-0887

Susan Lerner, Common Cause New York; 917-670-5670

Jennifer Wilson, League of Women Voters NYS; 518-465-4162

Blair Horner, NYPIRG; 518-727-4506

Michael Kink, Strong Economy for All, 518-527-2787

Progressive Groups, Government and Budget Watchdogs Call On Assembly Speaker Heastie to Allow Vote on Database of Deals and Comptroller’s Procurement Integrity (read more)

Response from Governor Cuomo, Senate Leader Flanagan and Speaker Heastie to Largest Bid-Rigging Scandal in State History: NOTHING

Response from Governor Cuomo, Senate Leader Flanagan and Speaker Heastie to Largest Bid-Rigging Scandal in State History: NOTHING Elected leaders fail to pass common sense reforms to curb sky-high corruption risks revealed in $800m state contracting scandal  

(June 22, 2017, Albany) A coalition of prominent government watchdog groups say Governor Cuomo, Senate Leader Flanagan and Speaker Heastie have completely failed to address the huge problems revealed by last year’s alleged rigging of $800m in state economic development contracts and that … (read more)