Press Releases

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

FOR IMMEDIATE RELEASE: January 11, 2020 Media Contact: communications@fiscalpolicy.org, 518-786-3156 (Albany, NY)  Today Governor Cuomo laid out his priorities at the beginning of the New York State 2021 legislative session. Statement from Jonas Shaende, Ph.D., Chief Economist "The 2021 state legislative session will be driven by the pandemic health crisis and economic hurdles. Governor Cuomo highlighted the federal government's role and responsibility to meet the full scope of COVID-19's health and fiscal challenges. That notwithstanding, our state government has a duty to meet all new Yorkers' needs, many of whom were struggling even before the pandemic. The need for immediate relief goes hand [...]

Anthony Troia2021-03-31T14:53:44-04:00January 11th, 2021|Press Releases|

Holiday Season Underscores the New Yorkers’ Need for Support as Pandemic Deepens Inequity

Read the report: The Pandemic Recession: Hitting Immigrants and People of Color Hardest (Albany, NY) — The holiday season is beginning in our state as never before with a second COVID wave bearing down on the health and financial stability of New Yorkers. While the COVID-19 is a threat to us all, immigrants and people of color are by far hit the hardest. And undocumented immigrants may be hit harder still since they are concentrated in several of the industries that have seen the biggest employment decline. “New Yorkers across the board are struggling to stay healthy, educate our children, and deal with financial insecurity of [...]

Anthony Troia2021-04-06T12:28:07-04:00November 24th, 2020|Economic Outlook, Migration, Press Releases|

Ron Deutsch to Step Down as FPI’s Executive Director

Several weeks ago, Ron Deutsch informed the Fiscal Policy Institute’s (FPI) Board of Directors that he planned to step down as Executive Director on December 15, 2020. Mike Burgess, Chair of FPI’s Board of Directors, stated that “I have known and worked with Ron for over two decades, a time during which he has become such an effective and influential advocate for social and economic justice in various roles. Over the past six years, he has brought his passion and commitment to the Fiscal Policy [...]

Anthony Troia2020-12-30T09:49:53-05:00November 11th, 2020|Press Releases|

Pandemic Economics Demand A Diverse Response

October 14, 2020 In light of New Jersey's adoption of a millionaires tax to help fill a statewide revenue hole caused by the coronavirus, many asked what about New York? Like New Jersey, New York was hard hit by the pandemic, and its economy continues to suffer. Like New Jersey, New York has historic fiscal problems with a budget shortage of $14.5 billion this year, and in the tens of billions of dollars over the next several years. Like New Jersey, we continue to wait on the federal government [...]

Anthony Troia2020-12-30T09:53:25-05:00October 14th, 2020|Economic Outlook, Press Releases, Reports, Briefs and Presentations|

Generating State Revenue Essential for Post-Pandemic Recovery

Billionaire Mark-to-Market Tax Can Raise Over $5.5 Billion To Help Keep New York State Running New York can and must do more to address its budget crisis than wait for federal relief. While the economy has taken a hit, the state can raise enough tax revenue to avoid catastrophic budget cuts—to education, health care, and other crucial services—and add new programs to combat the coronavirus recession by helping those most in need. The Fiscal Policy Institute’s latest report explains how a new type of tax [...]

Anthony Troia2021-02-01T15:36:33-05:00August 12th, 2020|Must Read, Press Releases, Tax Policy|

New York Must Act Now to Support Excluded Workers

Workers and families left without support for months Read the full report: Unemployment Compensation for Excluded Workers: Helping New Yorkers, Boosting the Local Economy (Albany, NY) State unemployment benefits were expanded in significant ways for most New Yorkers who lost their jobs during the pandemic. However, tens of thousands of New York workers and their families were left adrift without federal or state assistance. The Fiscal Policy Institute’s new report shows that our state can act to create and fund a system to support these workers. [...]

Anthony Troia2021-04-06T09:51:57-04:00July 30th, 2020|Economic Outlook, Migration, Press Releases|

In Solidarity

The Fiscal Policy Institute stands in solidarity with protesters voicing outrage over the recent murders of George Floyd and Breonna Taylor, and the long history of violent abuse and killing of Black people at the hands of police in city after city, town after town, year after year. Black lives matter. Yet the history of racism built into our society actively harms Black people. We must do better for our state and our nation. In our research at the Fiscal Policy Institute, we consistently see [...]

Anthony Troia2021-11-04T12:52:04-04:00June 12th, 2020|Press Releases|

Press Release: Spotlight on New York’s Essential Workers

April 8, 2020 Overlooked, Underpaid and Indispensible Read the report: https://fiscalpolicy.org/wp-content/uploads/2020/04/Essential-Workers-Brief-Final.pdf (Albany, NY) Today the Fiscal Policy Institute (FPI) released a new report spotlighting New York's essential workers who are on the frontlines during the COVID-19 pandemic. According to the new analysis, there are 2.2 million “essential workers” in New York State. Twenty-two percent of these essential workers support their families on low incomes, with family incomes of less than 200 percent of the poverty level. Statement from David Dyssegaard Kallick, Deputy Director, Fiscal Policy Institute: “The pandemic has brought [...]

Anthony Troia2020-12-30T14:00:03-05:00April 8th, 2020|Blog, Labor Market & Workforce, Press Releases|

Reflections on the New York State Budget

For Immediate Release: April 4, 2020 Media Contact: communications@fiscalpolicy.org, 518-786-3156 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 on research and careful analysis that provide a clear path toward creating a more just and equitable state. We will continue our work in partnership [...]

Anthony Troia2021-03-31T15:27:00-04:00April 3rd, 2020|Press Releases, State Budget|

Don’t Let the Pandemic Shortchange Our State Budget Process

For Immediate Release: March 31, 2020 (Albany, NY) Today the Fiscal Policy Institute (FPI) released a set of recommendations to safeguard New York’s budget process and ensure a just budget for all. Predictions of a budget shortfall preceded the unforeseen economic impact of the pandemic and FPI urged leadership to think beyond the continued use of the same austerity budget measures put in place year after year. Now, faced with the urgent needs of our community members, FPI urges Governor Cuomo and state leadership [...]

Anthony Troia2020-12-30T14:02:44-05:00March 31st, 2020|Press Releases, State Budget|

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

FOR IMMEDIATE RELEASE: January 8, 2020 Media Contact: communications@fiscalpolicy.org, 518-786-3156 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 on closing the budget gap and meeting our state’s pressing needs. The [...]

Anthony Troia2021-03-31T15:27:15-04:00January 8th, 2020|Press Releases, State Budget|

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 Yorkers have an equal chance at opportunity. FPI knows that we can craft [...]

Anthony Troia2020-12-30T14:10:11-05:00January 6th, 2020|Press Releases, State Budget|

New Report: Economic Impact of Long Island’s Opioid Crisis

The Fiscal Policy Institute’s new report “The Staggering Cost of Long Island’s Opioid Crisis” revealed the economic impact of this health crisis and how the financial burden is borne by all of us: as taxpayers, consumers, and businesses. While the devastating personal costs of addiction have always been clear, the report shows just how significant the effect has been on Long Island’s economy through lost productivity, and other costs to businesses, emergency services, libraries, and others. On Long Island, the opioid-related health crisis resulted in a [...]

Anthony Troia2021-06-07T10:37:50-04:00September 5th, 2019|Economic Outlook, Economic Trends & Policy, Press Releases|

Refugees Help Revitalize and Strengthen New York Vital to Economic Growth in Areas that Need it Most

For Immediate Release: July 19, 2019 Media Contact: communications@fiscalpolicy.org, 518-786-3156 Refugees Help Revitalize and Strengthen New York Vital to Economic Growth in Areas that Need it Most July 19, 2019. (Albany, NY)- News that the Trump Administration is considering radically reducing refugee resettlement should be a jolt to New York’s political leadership. New York elected officials have shown bipartisan support for the resettlement program as being both the right thing to do and good for New York. Years of research by the Fiscal Policy Institute (FPI) shows [...]

Anthony Troia2021-03-31T15:27:39-04:00July 19th, 2019|Migration, Press Releases|