NYS taxes

Short Term Property Tax Relief and Long Term Tax Reform: An Omnibus Approach

March 1, 2011. At the public hearing on the Governor’s proposed “Cap on Real Property Taxes” before the Assembly Standing Committees on Ways and Means, Education, Real Property Taxation, Local Government and Cities, Frank Mauro, FPI’s executive director, explained why a cap on real property taxes would not effectively protect those most in need of property tax relief, and would exacerbate inequities in the current school finance system. In the short run, a property tax circuit breaker would provide effective … (read more)

A Balanced Approach to Closing State Deficits

February 25, 2011. Most states are heading into their fourth year of fiscal crisis facing severe revenue shortfalls that require closing huge deficits. The choices states make about how to close those deficits have serious implications both in the short and long term. States that rely solely or primarily on widespread budget cuts to close deficits are harming residents and businesses that need immediate assistance; they also are reducing demand in the economy and impeding their state’s economic recovery. This … (read more)

Cuomo’s austerity budget will kill N.Y. jobs: Why not tax the top 5% instead of slashing services?

February 24, 2011. An op ed by Frank Mauro and James Parrott, New York Daily News.… (read more)

FPI responds to the Partnership report: Can New York Depend on a “Millionaire’s Tax” to Solve the Budget Crisis?

February 14, 2011. The personal income tax (PIT) surcharge should be continued. It is not onerous, and it is offset by federal tax cuts. Moreover, unemployment is projected to stay above 7 percent until 2014; budget cuts worsen unemployment and the adversity experienced by many families in a weak economy. New York needs a balanced approach to balancing the budget, one that looks also at the revenue side, rather than relying too heavily on the cutting side. Brief >>(read more)

Balancing the New York State Budget 2011-2012

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.… (read more)

New York State’s Economic and Fiscal Outlook for 2011-2012

February 8, 2011. The Fiscal Policy Institute’s 21st annual budget briefing. Briefing book on the 2011-2012 executive budget>>(read more)

Statement from the Fiscal Policy Institute on the proposed Executive Budget 2011-2012

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)

Fiscal Reality: Real Solutions for New York’s Budget Crisis

January 19, 2011. An op ed by James Parrott, The Indypendent.… (read more)

Wall St. Wealthy Must Do Part: Budget Cuts Alone Won’t Solve State’s Problems

January 14, 2011. An op ed by James Parrott, The Chief-Leader.… (read more)

Fiscal Reality: Practical options for New York’s budget

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.… (read more)