New York State economy

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)

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)

Reworking New York State’s Family Tax Credits

March 8, 2019. The human costs of child poverty are staggering. Experiencing poverty as a child – even for short stints – can impair brain development, physical and mental health, and academic achievement, and increase the possibility of child welfare involvement.  And the impacts can last a lifetime.  Childhood poverty is the single best predictor of adult poverty.

Child poverty also imposes extraordinary economic costs to the state.  A report just issued by the National Academies of Sciences, Engineering, and … (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: 30th Annual Peoples State of the State

For Immediate Release: January 8, 2019

Media Contact: Susan Zimet, Hunger Action Network of NYS, 845-527-5309 susanzimet@gmail.com Ron Deutsch, Fiscal Policy Institute, 518-469-6769 deutsch@fiscalpolicy.org

30th Peoples State of the State The New Hope Budget New Politics, New Action, New Budget

(Albany, NY) Today’s Peoples State of the State address marks the 30th year that advocates from across New York State joined together for what has become the long standing “unofficial” kickoff of the legislative session in Albany. However, … (read more)

Press Release: Statewide Coalition Urges State Leaders to Adopt New Hope Budget for All of New York

For Immediate Release:

December 18, 2018

Media Contacts:

Peter Cook, Executive Director, New York State Council of Churches – 508.380.8289 Ron Deutsch, Executive Director, FPI – 518.469.6769 Michael Kink, Executive Director, Strong Economy for All Coalition 518.527.2787

Statewide Coalition Urges State Leaders to Adopt New Hope Budget for All of New York 

The New Hope Budget

Albany, NY –   Representatives from organizations across the state unveiled a set of principles which address the cries of far … (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- Ranked Choice Voting: Saving Money While Improving Elections

Ranked Choice Voting: Saving Money While Improving Elections

June 28, 2018. The New York City Charter Review Commission is currently reviewing several proposals for changes to the charter. The proposal for ranked choice voting, also known as instant runoff voting, has garnered a good deal of enthusiasm around the city, but some questions have been raised about what the cost of such a system might be. The Fiscal Policy Institute examined this question, and our conclusion is that there would … (read more)