NYS taxes

The Ravitch Plan

March 11, 2010. James Parrott, FPI’s Deputy Director  and Chief Economist, was a guest on the Brian Lehrer Show today. He discussed Lieutenant Governor Richard Ravitch’s plan to reform the New York  State budget process and to borrow money to help solve New York State’s fiscal  problems. Listen >>(read more)

Balancing the New York State Budget in an Economically Sensible Manner

March 10, 2010. New York State should balance its budget during the current economic downturn in ways that will not make economic conditions worse. The budget balancing strategies of the early 1990s should be avoided, while those of 2003 and 2009 demonstrate the benefits of more balanced approaches to budget balancing. The wisest policy choices are  those that will take the least amount of demand possible out of the state economy; this brief contains a number of specific options.… (read more)

Revenue-raising and cost-saving options

February 22, 2010. The Fiscal Policy Institute worked with the other members of the Better Choice Budget Campaign to develop a menu of revenue-raising and cost-saving options for consideration by the Governor and Legislature as they work to adopt a balanced budget for 2010-2011.

The chart of options was distributed at a press conference today at which advocates urged the governor and legislature to make “better choices” to balance the state budget – calling for more federal aid, and for … (read more)

New York State’s Economic and Fiscal Outlook for 2010-2011

February 3, 2010.  The Fiscal Policy Institute’s twentieth annual budget briefing. Briefing book on the 2010-2011 executive budget >>(read more)

Testimony at the Joint Legislative Public Hearing on the 2010-2011 Executive Budget Proposal – Economic Development

February 1, 2010. Testimony presented by James Parrott, FPI’s Deputy Director and Chief Economist.… (read more)

Paterson’s “Budget of Necessity”

January 20, 2010. From New York Now’s live coverage of the state budget release, a brief clip featuring Frank Mauro, the executive director of the Fiscal Policy  Institute, and David Liebschutz, the director of strategic planning and analysis at the Center for Governmental Research. Watch >> [2:25]… (read more)

Who Pays? Distributional Analysis of the Tax Systems in All 50 States

November 18, 2009. A new study from the Institute on Taxation and Economic Policy (ITEP), co-released by FPI, shows that middle-income families in New York pay a higher share of their income in state and local taxes (12.0 percent) than do the state’s richest families (who pay only 9.4 percent of their income in state and local taxes). Data for New York, full report, 50 states.… (read more)

A Better Choice for Addressing New York State’s Projected Budget Gaps

November 5, 2009. A five-pager by FPI’s Frank Mauro and Ron Deutsch of New Yorkers for Fiscal Fairness. Three points: 1. First, do no harm! 2. Understand the role of federal aid and state reserves during economic downturns 3. Make better budget choices for 2010‐2011.

This brief was distributed at a press conference at which FPI, New Yorkers for Fiscal Fairness, and a diverse group of statewide organizations joined forces to publicize the harmful impact of many of the governor’s … (read more)

Testimony on Governor Paterson’s Proposed 2009-2010 Deficit Reduction Plan

October 26, 2009. Testimony presented by James Parrott, Deputy Director and Chief Economist of FPI, to the Senate Finance Committee.… (read more)

Testimony on Governor Paterson’s Proposed 2009-2010 Deficit Reduction Plan

October 21, 2009. Testimony presented by Frank Mauro, Executive Director of FPI, and Ron Deutsch, Executive Director of New Yorkers for Fiscal Fairness, to the Assembly Ways and Means Committee. Mauro and Deutsch discussed why $1.8 billion of the $3 billion in deficit reduction actions proposed by Governor Paterson for the current state fiscal year would harm the still-fragile state economy. The Governor’s other $1.2 billion in gap-closing recommendations together with additional actions that will not hurt the state economy … (read more)