Economic development policies

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

The Economic Development Benefits of Prevailing Wage

May 25, 2006.  A background briefing paper reviews the academic literature on the impact of prevailing wage laws.… (read more)

Preliminary Oral Comments of New York State Attorney General Eliot Spitzer on the Allocation of Carbon Dioxide Allowances Pursuant to the Regional Greenhouse Gas Initiative Cap-and-Trade Program

May 2, 2006. The comments below were delivered in Hartford, CT, by New York State Assistant Attorney General J. Jared Snyder.

In general, the Attorney General’s office supports the carbon dioxide emission reduction program embodied in the Regional Greenhouse Gas Initiative (RGGI) model rule. Global warming is undoubtedly the most significant environmental problem facing America today and the RGGI cap-and-trade program is a good first step to reducing emissions from power plants, one of the two main sources of CO2 … (read more)

COMIDA Isn’t Spanish for Free Lunch

April 21, 2006. A report issued by Rochester’s Metro Justice and the Initiative for Development Accountability examining performance of the IDA system in Monroe County using data submitted by the County of Monroe Industrial Development Agency (COMIDA) for the years 2002, 2003, 2004.… (read more)

Rebuilding Ground Zero: Status of the World Trade Center Site Plan

March 9, 2006. Testimony presented by David Dyssegaard Kallick, FPI Senior Fellow and Coordinator of the Labor Community Advocacy Network to Rebuild New York (LCAN) to the New York City Council’s Committee on Lower Manhattan Redevelopment. Testimony >>(read more)

Ohio’s Investment Tax Credit and the Commerce Clause

March 2006. In a landmark decision issued on September 2, 2004, the U.S. Court of Appeals for the Sixth Circuit ruled that the State of Ohio’s investment tax credit violated the Commerce Clause of the U.S. Constitution.  Rather than immediately appealing this decision to the US Supreme Court, DaimlerChrysler asked the Sixth Circuit to take the unusual step of rehearing the the case en banc.

The Sixth Circuit subsequently declined this request and DaimlerChrysler then asked the Supreme Court … (read more)

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)