NYS budget

Reflections on the New York State Budget

For Immediate Release: April 4, 2020

Media Contact: Fern Whyland, Communications Director, whyland@fiscalpolicy.org, 315-436-0558 

 Reflections on the New York State Budget 

(Albany, NY) The process of crafting the FY 2020-2021 State Budget began with warnings of a dire budget shortfall and concluded with efforts to alleviate the fallout caused by an economy brought to a sudden standstill by a global pandemic. Throughout the budget process and the rising projections around revenue losses, FPI has called for public policies based

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We Must Boost New York’s Fighting Chance

New York State is dealing with a pandemic that demands sudden and unusual changes in our everyday lives. The need for societal change including social distancing and restricting public gatherings to protect our health is clear. The question is what will be the economic cost of our necessary public health policy and how will we pay for it?

Explore these pressing issues with us in our new brief:

At the time of this writing, our state is trying to reach … (read more)

FPI’s 2020 State Budget Presentations

Our state budget is an opportunity to define our values and choose our future. Will our actions reinforce inequity and inequality or can we pull together to create a more just New York for all? FPI took a look at the proposed executive budget and shared our thoughts in two presentations, one in Albany and one in New York City. If you missed those informative events, you can still take a look at what was presented.

Fiscal Policy Institute Reacts to Governor Cuomo’s State of the State Address

FOR IMMEDIATE RELEASE: January 8, 2020

Media Contact: Fern Whyland, Communications Director, whyland@fiscalpolicy.org, 315-436-0558

Fiscal Policy Institute Reacts to Governor Cuomo’s State of the State Address

FPI Agrees that New Yorkers Deserve Results, Not Rhetoric 

Statement from Ron Deutsch, Executive Director, Fiscal Policy Institute
 
“Governor Cuomo is right that New Yorkers deserve results, not rhetoric. While our state economy booms, we continue to be short-changed by austerity budgeting. Missing from the governor’s State of the State address is clarity
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The New York State Budget Must Support All New Yorkers.

January 6, 2020

As the New York State legislative session begins with the state facing a multi-billion-dollar state budget deficit, the question is clear—what kind of New York do we want and how will we get there?  The Fiscal Policy Institute (FPI) urges Governor Andrew Cuomo, Senate Majority Leader Andrea Stewart-Cousins and Assembly Speaker Carl E. Heastie to choose sound economic and social policies that promote growth and development for the many rather than the few so that all New … (read more)

Fiscal Policy Institute Response to the 2019-2020 Adopted Budget

Fiscal Policy Institute Response to the 2019-2020 Adopted Budget

Read FPI’s comprehensive overview of the NYS budget.

Revenues

This year’s budget raises revenues from a number of different areas, and does so through a number of well-founded approaches. The Fiscal Policy Institute supports the newly enacted luxury real estate tax, which makes property taxes more progressive. We support congestion pricing, which will raise needed revenues for the transit system while reducing traffic in Manhattan. And we support the collection of … (read more)

Fiscal Policy Institute Releases Analysis in Support of Proposed Pied-à-Terre Tax

For Immediate Release: March 26, 2019

Contact:

Jonas J.N. Shaende PhD, Chief Economist, Fiscal Policy Institute – 212.721.5624 | jshaende@fiscalpolicy.org Ron Deutsch, Executive Director, Fiscal Policy Institute – 518.469.6769 | deutsch@fiscalpolicy.org

 

Fiscal Policy Institute Releases Analysis in Support of Proposed Pied-à-Terre Tax

Report and Analysis here. A PIED-À-TERRE TAX IS A TAX ON HIGH-VALUE LUXURY RESIDENTIAL PROPERTY that is not used by its owners as a primary residence. This type of tax has become increasingly common around the world … (read more)

Groups Lobby for Changes to State Budget to Help Low- and Middle-Income People

March 4, 2019. As New York lawmakers struggle over the proposed 2020 state budget, these are some of the issues that have prompted two organizations to partner for an awareness campaign that’s taking them throughout the state. Ron Deutsch, executive director of the Fiscal Policy Institute, Latham, and the Rev. Peter M. Cook, executive director of the state Council of Churches, are on a three-week tour of communities, large and small.

“We believe things have been askew,” Mr. Deutsch said. (read more)

Press Release: Patriotic Millionaires and Advocates Call Upon State to Raise Revenues from the Wealthy to Support Critical Services

For Immediate Release: February 12, 2019

  Media Contact: Peter Cook, Executive Director, New York State Council of Churches – 508.380.8289 Ron Deutsch, Executive Director, FPI – 518.469.6769 Michael Kink, Executive Director, Strong Economy for All Coalition 518.527.2787 Sam Quigley, Communications Director, Patriotic Millionaires 202.446.0489

 

Patriotic Millionaires and Advocates Call Upon State to Raise Revenues from the Wealthy to Support Critical Services

Albany, NY.  Patriotic Millionaires Chairman Morris Pearl joined numerous organizations from across the state outside the Joint Legislative … (read more)

New York’s Pathway to Shared Prosperity: Economic and Fiscal Outlook for FY 2020

February 12th, 2019. 

The Fiscal Policy Institute released its 29th annual New York State budget briefing book, New York’s Pathway to Shared Prosperity: Economic and Fiscal Outlook for FY 2020. FPI’s budget briefing book analyzes the Governor’s FY 2020 Executive Budget and makes policy recommendations that would benefit all New Yorkers in the areas of taxes, human services, immigration, education, and more.

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You can find the sections of the report below:

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