Tax & Budget

Testimony on economic development in New York State

December 18, 2007. Submitted by FPI's chief economist James Parrott to the New York State Division of the Budget. New York's trillion dollar economy has the potential to be a dynamic economy that rewards all New Yorkers, but challenges abound, including volatility on Wall Street. And there is little to show for the billions of dollars spent on economic development in 2007 by state and local governments. New York needs a new approach that is strategic, diverse, coordinated and accountable. Testimony >>

2024-12-18T12:29:28-05:00December 18th, 2007|Economic Trends & Policy, State Budget, Tax & Budget, Testimony|
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Testimony of Frank Mauro before the NYS Division of the Budget Public Hearing on Property Taxes

December 13, 2007. This testimony describes the special problems faced by New York localities with relatively weak tax bases compared to their needs. To a large extent, state fiscal policies have caused great pressure on property taxes in needy cities, counties and school districts, including decisions: to reduce revenue sharing; to decrease the share of local school budgets covered by state aid, to divide the non-federal share of Medicaid costs without considering ability to pay, and to allocate STAR benefits in a way that exacerbates [...]

2025-04-04T14:27:48-04:00December 13th, 2007|City Budget, Tax & Budget, Testimony|
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Difference between the President’s Budget and House Appropriations: Impact on New York State for Selected Programs

October 29, 2007. President Bush has threatened to veto an array of appropriations bills because they provide funding for domestic programs above the levels he requested in his budget. Adopting the president's budget request would mean significantly less funding in some key domestic programs that provide critical services to a broad swath of families and communities - less than the House has appropriated, less than the amount needed to keep pace with inflation and in some cases, even less than 2007 levels. This one-pager includes [...]

2025-04-04T14:27:48-04:00October 29th, 2007|Reports, Briefs and Presentations, Tax & Budget|
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Property Taxes on Long Island: Zeroing in on the Problems and Solutions

October 15, 2007. This report takes a fresh look at the property tax "crisis" and finds that: flawed evaluations have resulted in flawed solutions, taxpayers in poorer districts struggle the most, and voters in wealthy districts choose to pay for high quality schools while voters in poorer districts have a much higher rate of rejecting school budgets. Two oft-touted reforms have a negative impact on local control and school equity; circuit breaker reform in contrast can be well targeted to those who need relief most. [...]

2025-04-04T14:27:48-04:00October 15th, 2007|City Budget, Education, Reports, Briefs and Presentations, Social Policy, Tax & Budget|
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The Fight over Federal Appropriations: Impact on New York State

July 17, 2007. Today FPI released a new report and joined more than 30 children's, hunger, religious, social service and other advocacy organizations in calling on Congress to stand with New York families. The groups urged the state's representatives to resist pressure from the administration to cut funding for education, child care, worker training and similar programs. FPI's report, an issue of Fiscal Policy Note$, takes a look at the struggle in Congress over domestic discretionary spending, and finds that the modest increases under consideration [...]

2025-04-04T14:27:49-04:00July 17th, 2007|Press Releases, Reports, Briefs and Presentations, Tax & Budget|
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The Public Cost of Privatized Medicare: How Medicare Advantage is hurting Medicare beneficiaries and other New York taxpayers

July 6, 2007. New York's Child Health Plus expansion is being jeopardized by Medicare Advantage overpayments. How? A report from FPI and Citizen Action New York finds that a privatized Medicare plan is costing taxpayers $709 million in overpayments for New York alone - and NY beneficiaries paid $35 million in extra premiums. FPI and CANY point out that these funds would be better used to finance Governor Spitzer's plan to cover all uninsured children. Press release, full report.

2025-04-04T14:27:49-04:00July 6th, 2007|Reports, Briefs and Presentations, Tax & Budget|
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Stretched Too Thin: Food Stamp Benefits in New York State

May 16, 2007. Religious and civic leaders pledge to try the "Food Stamp Diet" - and eat on $3.50 a day - as FPI releases a new report. Bishop Howard J. Hubbard of the Roman Catholic Diocese of Albany, Rev. Paul D. Rees-Rohrbacher of St. John's Lutheran Church in Albany, Ed Bloch of the Interfaith Alliance of New York State, Lynda Schuyler of Food Pantries for the Capital District and Linda Bopp of the Nutrition Consortium of New York State joined FPI senior economist Trudi [...]

2025-04-04T14:27:49-04:00May 16th, 2007|Reports, Briefs and Presentations, Social Policy, Tax & Budget|
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