[Albany, NY] – New York’s schools receive over $273 million from Medicaid each year, according to data released by the Washington, DC-based Center on Budget and Policy … (read more)
February 23, 2017. New York State faces gargantuan budget challenges if the current federal administration is successful in pursuing the many cuts in funding to states proposed thus far. In its most recent policy brief, the Fiscal Policy Institute points out that over one-third of New York’s All Funds budget is comprised of federal funds and billions in additional funds are also sent to local governments, schools, and transportation. Altogether, over $70 billion in federal aid flows to the state … (read more)
February 7, 2017. Executive Director Ron Deutsch testified before the Senate Finance and Assembly Ways and Means Committees on the Governor’s FY 2018 Proposed Budget and Financial Plan.
Income inequality, as indicated by the richest 1 percent share of total income, has grown substantially since 1980 in New York State as well as nationally. One of the most sensible tools the state has to address the growing income gap in New York is the millionaires’ tax. The proposed extension of … (read more)
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)
December 28, 2016. The following op-ed by James Parrott appeared in City & State New York on December 28, 2016.
With President-elect Donald Trump and a newly empowered, Republican-dominated Congress soon taking control of the federal budget, the potential for substantial cuts in domestic spending poses gargantuan challenges for New York state and city budgets.
Roughly $57 billion in federal dollars flow into our city and state budgets annually. Medicaid accounts for approximately $35 billion, with another $14 billion in
November 1, 2013. Beginning today, almost 3.2 million people in New York will see their food assistance benefits cut as the federal government ends a temporary boost to the Supplemental Nutrition Assistance Program (SNAP). The New Yorkers affected by this cut—in what used to be known as the “food stamps” program—include more than 1.2 million children and over 1 million elderly and disabled individuals. Overall, New York residents will receive $332 million less in SNAP benefits in the 11 months … (read more)
February 25, 2013. Last night, the White House released the following likely impacts from sequestration in New York State if Congress does not act to cut the deficit in a balanced way. Bringing in more revenue by closing tax loopholes along with smarter reductions in spending would allow the federal government to avoid the following cuts in New York State:
Teachers and Schools: The loss of approximately $43 million in funding for about 120 primary and secondary schools placing … (read more)
August 8, 2012. Today the Center on Budget and Policy Priorities released a new report showing that a “Cuts Only” approach to reducing the federal deficit would drastically cut federal investments in education, roads and bridges, and disaster relief. Cuts of this magnitude would do great damage to the economy. FPI’s press release (below) highlights the fact that the House-passed “Ryan Budget,” a prime example of the “Cuts Only” approach, would cost New York state and local governments $2.7 billion … (read more)
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 York … (read more)