April 12, 2011. A new report from the Center on Budget and Policy Priorities (CBPP) points out that House Budget Committee Chairman Paul Ryan’s budget plan would cut the SNAP program (formerly known as food stamps) by $127 billion – almost 20 percent – over the next ten years (2012-2021), $8.78 billion in New York alone. FPI has estimated the impact on New York City and each of the counties outside New York City. FPI’s press release with New… (read more)
Tax & Budget
A Harder Struggle, Fewer Opportunities: The Impact of the Governor’s Proposed Budget on Women, Children and Families
March 23, 2011. This report, prepared for the New York Women’s Foundation, shows that the Executive Budget takes away from an array of vital programs that strengthen women’s ability to support themselves and their families, and keep them healthy and safe. Obstacles are placed in the paths of women trying to improve their lives and those of their children. The proposed assembly and senate budgets move in the right direction by moderating some of the proposed spending reductions.… (read more)
March 2, 2011. Despite Wall Street’s rebound, unemployment and hardship continue; at best, recovery will be very gradual. The revenue rebound does not make up for declining federal and state aid, particularly in education. Human services are being cut, while recent tax changes worsen the regressivity of the City’s tax structure. The City should begin to address several tax inequities and strengthen its revenue base. Briefing >>
March 1, 2011. At the public hearing on the Governor’s proposed “Cap on Real Property Taxes” before the Assembly Standing Committees on Ways and Means, Education, Real Property Taxation, Local Government and Cities, Frank Mauro, FPI’s executive director, explained why a cap on real property taxes would not effectively protect those most in need of property tax relief, and would exacerbate inequities in the current school finance system. In the short run, a property tax circuit breaker would provide… (read more)
February 25, 2011. Most states are heading into their fourth year of fiscal crisis facing severe revenue shortfalls that require closing huge deficits. The choices states make about how to close those deficits have serious implications both in the short and long term. States that rely solely or primarily on widespread budget cuts to close deficits are harming residents and businesses that need immediate assistance; they also are reducing demand in the economy and impeding their state’s economic recovery. This… (read more)
February 24, 2011. An op ed by Frank Mauro and James Parrott, New York Daily News.
Testimony at the Joint Legislative Public Hearing on the 2011-2012 Executive Budget Proposal – Human Services
February 16, 2011. Testimony submitted by Carolyn Boldiston, FPI’s Senior Fiscal Policy Analyst. Her testimony includes: a review of New York State’s recent public assistance caseload history, a review of New York’s historical utilization of the federal Temporary Assistance for Needy Families (TANF) block grant, a review of the impact of the American Recovery and Reinvestment Act (ARRA) of February 2009 on TANF funding and spending in New York State, and recommendations for the 2011-2012 state fiscal year.
FPI responds to the Partnership report: Can New York Depend on a “Millionaire’s Tax” to Solve the Budget Crisis?
February 14, 2011. The personal income tax (PIT) surcharge should be continued. It is not onerous, and it is offset by federal tax cuts. Moreover, unemployment is projected to stay above 7 percent until 2014; budget cuts worsen unemployment and the adversity experienced by many families in a weak economy. New York needs a balanced approach to balancing the budget, one that looks also at the revenue side, rather than relying too heavily on the cutting side. Brief >>
February 14, 2011. This presentation – by Frank Mauro of the Fiscal Policy Institute and Ron Deutsch of New Yorkers for Fiscal Fairness – was made at a budget briefing for legislators, staff and advocates. The briefing was sponsored by Growing Together NY, Strong Economy for All Coalition, AFL-CIO, AFSCME NY, ATU, CSEA, CWA District 1, NYSUT, PEF, SEIU Local 32BJ, TWU, and UFT.
February 8, 2011. The Fiscal Policy Institute’s 21st annual budget briefing. Briefing book on the 2011-2012 executive budget>>