NYC budget

Budget Busters

September 18, 2011. A letter by James Parrott, New York Post.… (read more)

Budget Cuts Could Strangle Sputtering Recovery

June 20, 2011. An article by James Parrott, FPI’s deputy director and chief economist, who writes regularly for Gotham Gazette’s Economy section.… (read more)

Testimony at the New York City Council Committee on Finance Hearing on the FY 2012 Executive Budget

June 6, 2011. FPI’s James A. Parrott delivered testimony detailing the following points: Against the backdrop of an outlook for a very gradual and drawn-out recovery during which unemployment and economic adversity remain elevated, the Mayor’s Executive Budget proposal contains several harmful budget cuts that will curtail vital services in many critical areas. The City needs a more balanced approach to closing large budget gaps; this approach should reduce outlays on contracting out and find ways to enhance revenues. Testimony (read more)

Briefing on Mayor Bloomberg’s Preliminary FY 2012 New York City Budget

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 >>(read more)

Make Wall Street Pay

February 7, 2011. An op ed by James Parrott, New York Times. Part of “Room for Debate” – Will City Pensions Be Cut?(read more)

Oversight: An Examination of the November Financial Plan

December 6, 2010. Testimony presented by James Parrott before the New York City Council Committee on Finance.… (read more)

Stingy on Stimulants

August 8, 2010. A letter to the editor by James Parrott, Crain’s New York Business.… (read more)

Strike a Fairer Balance In Balancing City Budget: Trim Hedge Funds, Not Services

June 18, 2010. An op ed by James A. Parrott, The Chief.… (read more)

New York City: Economic and Budget Challenges

May 20, 2010. While Wall Street may have recovered, the average New York worker is still mired in the Great Recession. New York like most states has severe budget problems and not enough Federal aid; moreover, state and local government budget cuts will harm the local economy and slow the national recovery. In this context, the Mayor’s NYC budget proposal punishes workers and the poor but does not ask the well-off or Wall Street to share the burden. This presentation … (read more)

Potential efficiencies in City operations

May 6, 2010. A letter sent by James Parrott to Stephen Goldsmith, the City’s new deputy mayor for operations, outlining some ripe opportunities for savings and efficiencies.… (read more)