February 14, 2011. This presentation – by Frank Mauro of the Fiscal Policy Institute and Ron Deutsch of New Yorkers for Fiscal Fairness – was made at a budget briefing for legislators, staff and advocates. The briefing was sponsored by Growing Together NY, Strong Economy for All Coalition, AFL-CIO, AFSCME NY, ATU, CSEA, CWA District 1, NYSUT, PEF, SEIU Local 32BJ, TWU, and UFT.
February 8, 2011. The Fiscal Policy Institute’s 21st annual budget briefing. Briefing book on the 2011-2012 executive budget>>
February 1, 2011. The budget proposed today by the Governor places relies excessively on spending cuts, which increase unemployment and intensify hardships for those bearing the brunt of the recession. Meanwhile, a privileged group has profited tremendously from New York’s economic growth over the past two decades, and from Wall Street’s recent resurgence; the richest one percent of New Yorkers now receive 35 percent of all income in the state, while they pay a lower state and local tax burden… (read more)
January 19, 2011. An op ed by James Parrott, The Indypendent.
January 14, 2011. An op ed by James Parrott, The Chief-Leader.
January 3, 2011. An op ed by James Parrott, The Clarion. A balanced approach to balancing the state budget includes identifying additional revenues – not just cutting critical services – particularly at a time when need has been elevated by the lingering recession. Government spending is inextricably tied to prospects for economic recovery. Steep cuts will worsen unemployment.
December 20, 2010. In the wake of the historic agreement between the President and the Republican Congressional leadership to extend the Bush tax cuts for the wealthiest, the New York City Council’s Progressive Caucus has developed an interesting proposal. The proposal calls for the state of New York to impose a temporary income tax surcharge to recapture for New York the “windfall” high income New York filers will be receiving. Related: an op-ed by Brad Lander, co-chair… (read more)
December 7, 2010. Over $8 billion a year goes to “back door” spending in the name of job creation. This new report from FPI identifies $5.4 billion a year in state government “back door” spending in the name of economic development and job creation. An additional $2.8 billion a year is being drained from New York’s local government budgets because of a variety of tax expenditures in state law. In these tough budget times, these billions of dollars in… (read more)
April 19, 2010. This new report details how a temporary bonus tax and other Wall Street measures could ease New York’s budget crisis and fund property tax relief for the most burdened households. Sensible options for closing the state budget gap meet three goals:
- Support rather than undermine the needs of New York families.
- Minimize the negative impact of this year’s budget decisions on the fragile state economy.
- Require the New York financial industry – which bears responsibility for