Type

Nearly half of all New York renters burdened by housing cost

May 2, 2019. The article makes the impact of rent burdens clear across the state. Locally, “Nearly half of all minority renter households in Albany, and 35 percent of white, non-Hispanic renters are rent-burdened, according to a report published by the left-leaning Fiscal Policy Institute. Across New York state, 46 percent of all families pay over 30 percent of their income on rent, and a quarter of all families pay over 50 percent of their income on rent. In Albany, … (read more)

Report: Nearly Half of New York Renting Families Are Rent-Burdened

April 29, 2019. Families should pay no more than 30 percent of their income for rent according to housing advocates. Many public agencies set their support levels to meet this standard. Unfortunately, we find that across New York State, and in some of its major cities, significant shares of families are paying more than 30 percent of their income in rent. This is especially true among families of color. Severe rent burdens can badly reduce families’ ability to pay for … (read more)

Press Release: Families Lack Affordable Housing Statewide, Rent burdens leave families and communities without a firm foundation

 

For Immediate Release: April 29, 2019

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

(Albany, NY) Today the Fiscal Policy Institute released a new report “Nearly Half of New York Renters Are Rent Burdened” (add link) showing a majority of renting families statewide are “rent-burdened” meaning that they pay over the recommended standard of 30% of their income in rent – and for families of color that percentage climbs even higher. FPI cautions that the effects of rent burdens … (read more)

New Proposal Gives Needed Boost to New York’s Working Families

For Immediate Release: April 10, 2019

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

New Proposal Gives Needed Boost to New York’s Working Families

(Albany, NY) New York’s Fiscal Policy Institute welcomed Senator Chuck Schumer and Senator Kirsten Gillibrand’s sponsorship of the Working Families Tax Relief Act– legislation that would begin to fix our tax laws to help working people with low-wage jobs make ends meet as they work to support themselves and their families. Introduced today the … (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)

Press Release: Legislators, Fiscal Watchdog, Children and Social Justice Advocates and Faith Leaders Urge NY to Take Real Steps To Address Child Poverty and Provide Tax Relief to Low Income Families by Strengthening NY’s EITC and Child Tax Credit

For Immediate Release: March 11, 2019

Media Contact:

Dede Hill, Director of Policy, Schuyler Center for Analysis and Advocacy – (518) 879-6616 | dhill@scaany.org Ron Deutsch, Executive Director, Fiscal Policy Institute – (518) 469-6769 | deutsch@fiscalpolicy.org Pete Nabozny, The Children’s Agenda – (518) 929-1264 | pete@thechildrensagenda.org

 

 

Legislators, Fiscal Watchdog, Children and Social Justice Advocates and Faith Leaders Urge NY to Take Real Steps To Address Child Poverty and Provide Tax Relief to Low Income Families by Strengthening NY’s… (read more)

Reworking New York State’s Family Tax Credits

March 8, 2019. The human costs of child poverty are staggering. Experiencing poverty as a child – even for short stints – can impair brain development, physical and mental health, and academic achievement, and increase the possibility of child welfare involvement.  And the impacts can last a lifetime.  Childhood poverty is the single best predictor of adult poverty.

Child poverty also imposes extraordinary economic costs to the state.  A report just issued by the National Academies of Sciences, Engineering, and … (read more)

FPI Supports Bill to End Company-Specific Subsidies

February 20, 2019. Senator Julia Salazar and Assemblymember Ron Kim were joined by Senator Michael Gianaris, the Fiscal Policy Institute, and community-based organizations as they introduced new legislation to end corporate welfare packages. The proposed bill would enact a collective agreement between all states that join, an interstate compact, to end the costly Race to the Bottom between different cities and states, which has cost many of them billions annually in taxpayers’ money for several decades. The legislation can be … (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:

(read more)