New York State economy

Legislative Briefing: Supporting New York’s Local Governments

May 22, 2018 Empire State Plaza, Meeting Room 4, Albany, NY

This legislative briefing will address the problem of fiscal stress among New York’s local governments and the role the State Legislature can play in addressing these challenges.

What can NY learn from other states? What does the in depth research on NYS show?

We are seeing important shifts in intergovernmental relations, most recently with the Federal tax reform on SALT.  How can NY best respond to these challenges?

Come … (read more)

New York State Economic and Fiscal Outlook FY 2019

February 15, 2018. In its 28th annual New York State budget briefing book, the Fiscal Policy Institute analyzes and comments on Governor Andrew Cuomo’s FY 2019 Executive Budget.

The Trump Administration’s tax law, looming federal budget cuts, multi-billion-dollar state budget deficits, glaring unmet human and physical infrastructure needs throughout the state…this year’s New York State budget negotiations are taking shape against a worrisome and uncertain backdrop. The president and congress are threatening to dismantle decades-old federal entitlement programs, make … (read more)

A Constitutional Convention – A Risk NOT Worth Taking

A Constitutional Convention – A Risk NOT Worth Taking

Ron Deutsch, Fiscal Policy Institute

The New York Constitution articulates the legal rights of New Yorkers, and in many vital areas, provides our residents more protections than the U.S. Constitution. A Constitutional Convention is an expensive, complicated and potentially dangerous undertaking that is unnecessary because we already have a more rigorous and more democratic process by which the voters can adopt or reject individual amendments to the State Constitution on their … (read more)

Progressive Organizations Join Together to Urge Opposition to ConCon

Press Release

For Immediate Release:                                           Contact:

October 30, 2017                                                        Ron Deutsch, Fiscal Policy Institute

(518) 469-6769

Progressive Organizations Join Together to Urge Opposition to ConCon

The Risk is Simply Too Great

 Progressive organizations from across New York State joined together today to voice their opposition to a Constitutional Convention.  The groups suggested that for virtually all New Yorkers, there is simply more to lose than to gain by holding a Constitutional Convention. The groups highlighted multiple concerns with the rigged … (read more)

Watchdog Groups to Senate and Assembly: Don’t Come Home Without Passing Comprehensive Clean Contracting Reforms

For immediate release: June 5, 2017

Contact:
Ron Deutsch, Executive Director
518-786-3156 (o), 518-469-6769 (c), deutsch@fiscalpolicy.org

 

Watchdog Groups to Senate and Assembly: Don’t Come Home Without Passing Comprehensive Clean Contracting Reforms Legislature has yet to act on massive corruption risks revealed by biggest bid rigging scandal in New York State history

Watchdog groups again called on New York State Senate leader John Flanagan and Assembly Speaker Carl Heastie to pass comprehensive Clean Contracting legislation.

To date, the legislature … (read more)

Capitol Pressroom: Subsidies and sluggish Upstate job growth

March 28, 2017. By Alyssa Plock

A collaboration of reporting from Investigative Post, ProPublica, and the Columbia University Graduate School of Journalism shows that despite billions in subsidies, upstate job growth remains sluggish. Today three guests join Susan Arbetter to analyze the subsidy issue: Jim Heaney, Founder, Editor and Executive Director of Investigative Post, Ron Deutsch, Executive Director of the Fiscal Policy Institute, and EJ McMahon, Founder and Research Director of the Empire Center for Public Policy.

(read more)

New York State Economic and Fiscal Outlook FY 2018

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)

A Grand Alliance to Save Our Public Postal Service

May 12, 2016. The U.S. Postal Service (USPS) is under attack by forces that favor privatization and oppose sensible proposals to invest in expanding its package delivery services and in re-introducing postal banking services that exist in many countries and that were provided in the United States from 1910 to 1966. With the Postal Service’s unparalleled network of post offices in every neighborhood and village in the country, postal banking has the potential to provide affordable, consumer-friendly financial services to … (read more)

New York State Economic and Fiscal Outlook FY 2017

February 3, 2016. In its 26th annual New York State budget briefing book, the Fiscal Policy Institute analyzes and comments on Governor Andrew Cuomo’s FY 2017 Executive Budget.

The Executive Budget advances some bold and progressive proposals that well reflect the values and needs of New Yorkers. In particular, the governor has shown great leadership and vision in forcefully advocating for a first-in-the nation statewide $15 minimum wage. If enacted, the minimum wage increase would lift the incomes of … (read more)

Business profits in New York State have grown much faster than wages since 2001

December 1, 2015. In a new analysis, the Fiscal Policy Institute finds that business profits per worker in New York State increased by 61% from 2001-13, while labor compensation per worker has risen by only 34%, and the typical worker received wage increases of 25-29%, much less than inflation.

James Parrott, the Institute’s Deputy Director and Chief Economist stated: “These data confirm once again that most workers in New York have not been sharing in the fruits of the … (read more)