Economic development policies

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

Balancing Revenues, Expenditures and Human Needs in a Troubled Time

February 15, 2006. Testimony of Frank J. Mauro, Executive Director, Fiscal Policy Institute, presented to the Joint Budget Hearing on Economic Development and Taxes before the Assembly Ways and Means and Senate Finance Committees.

The centerpiece of the 2006-07 Executive Budget is a return to the pre-2001 practice of enacting large multi-year, backloaded tax cuts.   The myriad of tax reductions being proposed by the Governor would reduce state revenues by about $1 billion in 2006-07.  But because the proposed tax … (read more)

An Open Letter on the Rebuilding Process from Civic Groups in New York on 9/11 and Katrina

September 15, 2005. An open letter to members of Congress and concerned individuals and groups on the Gulf Coast.… (read more)

The “Single Sales Factor” Formula for State Corporate Taxes

September 1, 2005. A boon to New York economic development or a costly giveaway? You be the judge. This report by Michael Mazerov of the Center for Budget and Policy Priorities is an update of a study first published March 27, 2001. Report >>(read more)

The Great American Jobs Scam: Corporate Tax Dodging and the Myth of Job Creation

July 21, 2005. A new book by Greg LeRoy, published by Berrett-Koehler Publishers, Inc.(read more)

The Problem with the Hudson Yards Property Tax Breaks

June 16, 2005. A brief by FPI Deputy Director and Chief Economist James Parrott. (PDF) Also see the veto message issued by Mayor Bloomberg explaining his June 9, 2005,veto of City Council legislation requiring greater accountability in the expenditure of PILOT revenues.… (read more)

Groups Urge Lawmakers to Make Industrial Development Agencies More Accountable, More Transparent and Less Corrupt

June 15, 2005. Group press release, plus eight simple ways to reform IDAs:

Industrial Development Agencies Law Due to Sunset on June 30, 2005

Groups Call Upon Legislature and Governor to Make Real Changes That Will Make The Program More Accountable, More Transparent and Less Corrupt

Over 100 community, religious, education, health care, labor and human services organizations from throughout New York State have endorsed a joint statement of principles to reform the state’s Industrial Development Agency laws. The joint … (read more)

Companies Certified Prior to the June 2004 Sunset of a Little Known and Badly Misused Tax Break Are Back in the Money

April 1, 2005. Good Jobs New York has uncovered an unpublicized rider to Empire Zones “reform” legislation that allows firms certified for Zone Equivalent Area (ZEA) Wage Tax Credits prior to June 2004 to receive up to five years of benefits – despite the program’s expiration. GJNY released a list of benefit recipients that include Giuliani Partners, Ernst & Young, Fox News and News America. The press release:

Contact: Stephanie Greenwood, Good Jobs New York, 212-414-9394 Bettina Damiani, Good Jobs … (read more)

Fiscal Stability for New York City

March 23, 2005. Testimony presented by FPI’s Deputy Director and Chief Economist James Parrott to the New York City Charter Revision Commission. This testimony deals with the Charter Commission’s interest in determining if any of the expiring provisions of the New York State Financial Emergency Act for the City of New York should be incorporated into the New York City Charter.… (read more)

11 Point Plan to Reform the Zones

March 22, 2005. FPI joins with environmental, human services and other budget watchdog groups in releasing a plan to reform the State’s Empire Zones Program.

Reform Groups Urge State to “FIX THE ZONES” or Let the Program Sunset on March 31 as Scheduled

Environmental, human services and budget watchdog groups joined together today to call upon state leaders to fix the state’s Empire Zones Program and released an 11-point plan designed to end the abuse, corruption and favoritism inherent in … (read more)

Expenditure of Payments in Lieu of Taxes (PILOTs) in New York City

March 22, 2005. Testimony by FPI Deputy Director and Chief Economist James Parrott at a hearing of the City Council. This testimony deals with the discovery of the fact that Mayor Bloomberg and several of his predecessors have been spending some PILOT payment revenues without appropriations by the City Council. Related: Mayor Bloomberg’s veto message explaining his June 9, 2005, veto City Council legislation requiring greater accountability in the expenditure of PILOT revenues. Testimony >>(read more)