Federal budget

The Impact of the American Recovery and Reinvestment Act on New York City

March 1, 2010. Testimony presented by James Parrott before the New York City Council General Welfare Committee. Testimony >>(read more)

Analyzing the Economy of a Large, Urban County: The Case of Kings County, New York

January 2010. An article by James Parrott that shows available data (in this case, for Brooklyn – Kings County) can be used to estimate the economic impact of the American Recovery and Reinvestment Act (ARRA) at the county level. Published in The Journal of County Administration, Parrott’s article begins on page 3 of the issue; see also an introduction by the president of the Brooklyn Chamber of Commerce (p. 1) and an editorial touting such research (p. 10).… (read more)

Recovery Act Keeping Roughly 419,000 New Yorkers Out of Poverty

December 17, 2009. New estimates released today by the Center on Budget and Policy Priorities (CBPP) are based on seven provisions of the American Recovery and Reinvestment Act (ARRA) that directly affect individuals: three tax credits for working families, two unemployment insurance expansions, an increase in food stamps, and a one-time payment for retirees, veterans, and people with disabilities. Not only is the Recovery Act is creating jobs, helping close state and local budget gaps, and boosting the broader economy, … (read more)

Federal Fiscal Relief Is Working as Intended: The Cases of New York and Virginia

May 26, 2009. A new study from the Center on Budget and Policy Priorities profiles the American Recovery and Reinvestment Act (ARRA) in New York and Virginia. The experience of these two states suggests that the state fiscal assistance in the economic recovery legislation is having its intended effect: enabling states to balance their budgets with fewer cuts in public services that would harm residents and further slow the economy. The study is part of a special series of reports, … (read more)

It’s bad, but not that bad

April 18, 2009. Something’s slowing the plunge. It must be the billions in taxpayer bailouts. An op ed by James Parrott, Crain’s New York Business.(read more)

We’re All in This Together: Federal, State, and Local Governments All Have a Part to Play in the Economic Recovery

February 26, 2009. The National Association of County Administrators asked FPI’s Frank Mauro and James Parrott to write the lead article for The Journal of County Administration, December 2008/February 2009. The article stresses that while the $787 billion American Recovery and Reinvestment Act provides a significant lifeline to the states at a critical point in time, it will not completely eliminate the need for some painful budget balancing actions by state and local governments. The key challenge for the … (read more)

The Obama Stimulus: An $825 Billion First Step

January 20, 2009. An article by James Parrott, FPI’s deputy director and chief economist, who writes regularly for Gotham Gazette’s Economy section. Article >>(read more)

Bush Administration Rule Would Force Health Centers to Close

September 8, 2008. FPI and others urge Congress to block this hostile rule and provide temporary fiscal relief through Medicaid. The new rule would have wide-ranging negative impacts of the new rule; advocates ask for a one-year moratorium and for inclusion of a temporary increase to the Federal Medical Assistance Percentage (FMAP) in the second emergency supplemental stimulus package. Press release and letter to members of Congress.… (read more)

Extending the State Fiscal Relief Provisions of the American Recovery and Reinvestment Act

June 8, 2010. The federal government’s failure to extend its increased share of state Medicaid costs would leave New York with an additional $1.06 billion in state budget cuts – on top of the cuts already on the table as part of Governor Paterson’s 2010-2011 gap closing plan. In this analysis, FPI calculates that if the state decided to fill the additional $1 billion dollar gap through workforce reductions, the number of layoffs would be in the 15,000-16,000 range. … (read more)

Fed Directive Threatens to Cut Funds for New York Children’s Health Coverag

May 6, 2008. A report from the Center for Children and Families at Georgetown University shows that the Bush administration bypassed Congress to issue a directive that will cut children’s health insurance funding in New York – at a time when residents and taxpayers can ill afford it. Report co-released by FPI, New York Children’s Action Network and Medicaid Matters New York. Press release >>(read more)