Tax & Budget Archives - Page 9 of 35 - Fiscal Policy Institute

Interview: Rethinking the Property Tax Cap

July 20, 2018. The Center on Budget and Policy Priorities recently released a new report on property tax restrictions which concluded that state limits on property taxes should be relaxed or repealed because they make it more difficult for localities to provide services. Ron Deutsch, Executive Director of the Fiscal Policy Institute, joins Michael Leachman from the Center on Budget and Policy Priorities on Capital Tonight on Spectrum News in discussing how property taxes are unable to keep up with the rising costs of services [...]

Anthony Troia2021-01-06T12:12:32-05:00July 20th, 2018|Blog, Tax Policy|

Cuomo’s $10B Economy ‘Boost’ Results in Broken Promises

July 15, 2018. Since the Governor took office in 2011, the spending for economic development has increased significantly with dubious results. Several projects, which include the $15 Central New York Film Hub outside Syracuse and the Buffalo Billion revitalization plan, among others, have failed considerably and only exposed the major corruption in New York state government. With the outcome of the bid-rigging trial of Alain Kaloyeros hanging over our state government and a failure to pass accountability and transparency legislation during the legislative session, it is suffice [...]

Anthony Troia2021-01-06T12:11:42-05:00July 15th, 2018|FPI in the News, State Budget|

In Albany, Nixon backs tax cap, but has plan to ease override procedure

June 8, 2018. This articles discusses how gubernatorial candidate, Cynthia Nixon, expressed her support for the two percent property tax cap and that overriding it should be easier if residents of a school district want to exceed that cap during an Albany meeting with school superintendents. Multiple organizations, including the Fiscal Policy Institute, weighed in during the meeting about the impact of tax cuts. Before Nixon arrived, superintendents heard from state finance experts Frank Mauro and E.J. McMahon on how the Republican/Trump tax cuts may [...]

Anthony Troia2021-01-06T11:50:33-05:00June 11th, 2018|Blog, Tax Policy|

Lt. Governor Candidate Williams Lays Out Fiscal Plan

May 3, 2018. Jumaane Williams, the New York City councilman and progressive activist who's seeking to unseat Lt. Gov. Kathy Hochul in September's primary, wants the state to end Gov. Andrew Cuomo's 2 percent spending cap and increase taxes on the rich. Williams suggested a number of new taxes or fees targeting the state's wealthiest residents to generate an estimated $20 billion in new revenue to fund education, transportation, environmental remediation, public housing and health care. The Fiscal Policy has long pushed to increase taxes on [...]

Anthony Troia2021-01-06T11:34:21-05:00May 3rd, 2018|FPI in the News, State Budget|

Nixon Opposes Cuomo’s 2% State Spending, Property Tax Caps

April 28, 2018. Newly endorsed Working Families Parties candidate for New York governor, Cynthia Nixon, discusses how the state's two percent spending cap and two percent spending property tax cap causes problems for education and government services. She says that the two percent spending cap shrinks the budget every year, causing major impacts to public education and local governments in the form of budget cuts. Frank Mauro, former executive director of the Fiscal Policy Institute, along with several other organizations, comments that the two percent cap [...]

Anthony Troia2021-01-06T11:28:36-05:00April 28th, 2018|FPI in the News, State Budget|

Watchdog Groups Call for More Transparency to Economic Development

March 28, 2018. Good government groups are staying optimistic about getting the "database of deals" included in the state budget to bring more transparency to economic development. Both one-house budget bills included some form of the database, which would track the companies getting tax breaks or other benefits, the number of jobs expected, and whether key benchmarks are being met. A lot of that information is already available, but only if you know where to look. And MRCH guests argue that the opaqueness of the [...]

Anthony Troia2021-01-06T11:23:50-05:00March 28th, 2018|Labor Market & Workforce, State Budget|

Ron Deutsch and John Kaehny – What They Want to See in the Final Budget Proposal

March 27, 2018. The clock is ticking to pass the budget on time. Ron Deutsch, Executive Director of the Fiscal Policy Institute, and John Kaehny, Executive Director of Reinvent Albany, broke down what they want to see in the final budget proposal. Access Podcast HERE.

Anthony Troia2021-01-06T11:23:37-05:00March 27th, 2018|State Budget|

As State Budget Deadline Nears, Some Items May Fall off the Table

March 27, 2018. A measure to crack down on sexual harassment in government and the private sector appeared to remain in the 2018-19 budget package on Monday, while several other high-profile initiatives may be put aside and addressed after the April 1 deadline, according to legislative staffers and others close to the budget talks. Also staying in place is a wide-ranging plan to allow employers to increase payroll taxes they pay – which would help employees deal with the new $10,000 limit on federal deductibility [...]

Anthony Troia2021-01-06T11:23:23-05:00March 27th, 2018|FPI in the News, State Budget|

NYS Tax Reform for Fiscal 2019 – Let’s Take Our Time and Get It Right

Jonas J.N. Shaende, PhD, Fiscal Policy Institute March 26, 2018 Governor Cuomo released his 30-day amendments to the Executive Budget where he outlined his plan for the state’s tax system redesign in response to the tax changes at the federal level. The state legislature – both the Assembly and the Senate – reviewed the plan and supplied their respective amendments to the Executive Budget proposal. The direction taken by the governor is a good one, however, the set of solutions being discussed and the process [...]

Anthony Troia2021-01-06T11:22:38-05:00March 26th, 2018|State Budget, Tax Policy|

Watchdog Groups Call for the Governor and Legislature to Pass in the Budget a “Database of Deals” Making Business Subsidies Transparent

March 26, 2018. Reinvent Albany, Citizens Budget Commission and Fiscal Policy Institute today called for the Governor and Legislature to pass a “Database of Deals” in this year’s budget. Both houses’ budget bills included a “Database of Deals” (Part KK in A.9508-B and Part LLLL in S.7508-B ) that are very similar and largely track existing legislation introduced by Assembly member Robin Schimminger and Senator Thomas Croci (A.8175 and S.6613-B). A “Database of Deals” will list all state economic development benefits, including grants, loans or [...]

Anthony Troia2021-01-06T11:21:34-05:00March 26th, 2018|Labor Market & Workforce, State Budget|

Internet Sales Tax Capture Effort Stalled in Albany

March 23, 2018. The expansion of the sales tax on cyberspace transactions was projected to raise $160 million for the state treasury and another $160 million for county governments, many of which split portions of their share with towns, villages and cities. The proposal, advanced by Gov. Andrew Cuomo in his executive budget, was blocked by Senate Republicans, who have been adamant they will not approve new taxes this year. The Retail Council of New York State, representing brick-and-mortar stores throughout the state, is one [...]

Anthony Troia2021-01-06T11:21:05-05:00March 23rd, 2018|FPI in the News, Tax Policy|

Claw-Back Tax Rally on Wall Street and Beyond

March 20, 2018. On March 9th a protest was held on Wall Street demanding that corporations either pay their workers or pay their fair share of taxes. FPI joined the rally, where ordinary tax payers, elected officials, community organizations and labor unions called for a 0.5% New York State tax on stock buyback trades, which would mean corporations using their federal tax cuts simply to benefit their shareholders would have to pay a small New York State tax on the buyback. The tax is estimated [...]

Anthony Troia2018-03-20T12:35:27-04:00March 20th, 2018|Blog, Tax & Budget, Tax Policy|

Wealthy Inequality Forum at Caffé Lena on March 27th

“What Wealth Inequality Looks Like in Our Community,” an interactive program, will take place from 6 to 8:30 p.m. Tuesday, March 27, at Caffé Lena, Phila Street, Saratoga Springs. Please join the Fiscal Policy Institute's Ron Deutsch and others in discussing issues like food insecurity, poverty, and the impact of the federal administration's changes on New York.

Anthony Troia2021-01-06T11:20:07-05:00March 14th, 2018|Blog, Tax Policy|

Liberal Groups Call for Tax on Stock Buybacks

March 13, 2018. Liberal advocacy groups on Friday called for the passage of a tax on stock transfer buybacks, hoping to get the Republican-controlled Senate on board with a move they say would generate an extra $2 billion for the state. "If you're going to use your corporate tax cut -- your 40 percent federal tax cut -- to buyback stocks and enrich your company, rather than use that money to create jobs and increase worker pay, we think you should pay a small tax [...]

Anthony Troia2021-01-06T11:19:31-05:00March 13th, 2018|FPI in the News, Tax Policy|

2018 State Budget Briefing in NYC

On Wednesday morning, February 28, 2018, the Fiscal Policy Institute will present its 28th annual budget briefing, co-sponsored by the Community Service Society, 633 Third Avenue - the forum will be held on the 16th floor in the Retro Report conference room. Light refreshments and check-in will begin at 9:00 a.m. Our presentation begins at 9:20 a.m. and ends at 10:30 a.m. We hope that you and/or your colleagues will be able to join us for what we are confident will be a useful and informative session. The briefing [...]

Anthony Troia2021-01-06T11:14:30-05:00February 21st, 2018|Fact Sheets, State Budget|