Press Releases

New York State Economic and Fiscal Outlook 2014-2015

February 4, 2014. In its 24th annual New York State budget briefing, the Fiscal Policy Institute reviews the major spending and tax reduction proposals contained in Governor Andrew Cuomo’s 2014-15 Executive Budget. FPI’s briefing provides a critical assessment of four fundamental assumptions that shape the proposed budget and state fiscal projections for the following three years. These assumptions deal with the preferred size of New York government, the optimal growth rate of state spending, the potential for budget savings related to government consolidation, and the [...]

2020-11-13T14:17:41-05:00April 11th, 2014|City Budget, Press Releases, Reports, Briefs and Presentations, State Budget, Tax & Budget, Tax Policy|
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Statement on Governor Cuomo’s Proposed 2014-2015 Budget

January 22, 2014. In his budget message, Governor Andrew Cuomo rightly touts his strong record of leadership in Albany. However, when it comes to the state budget, the governor’s approach is out of focus and falls far short in making the essential public investments to expand opportunities for the millions of New Yorkers in poverty or still struggling to pull away from the Great Recession of 2008-09. The question is whether the Governor’s approach to the budget is the right set of proposals for a [...]

2014-01-22T17:36:05-05:00January 22nd, 2014|City Budget, Press Releases, State Budget, Tax & Budget, Tax Policy|
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Fiscal Policy Institute Names Frederick Floss Executive Director

December 19, 2013. The Board of Directors of the Fiscal Policy Institute announced today that it has appointed Frederick G. Floss, professor of economics and finance at Buffalo State College, as FPI’s new Executive Director. Floss is the Fiscal Policy Institute’s third executive director. He succeeds Frank J. Mauro who led FPI for the past 20 years. “Fred Floss brings an excellent combination of knowledge, skills and experiences to the leadership of FPI and to the discussion of the key fiscal and economic issues facing [...]

2013-12-19T08:07:15-05:00December 19th, 2013|Press Releases, Tax & Budget|
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New Report Examines Shale Drilling Impact

November 21, 2013. Drilling in the six states that span the Marcellus and Utica Shale formations has produced far fewer new jobs than the industry and its supporters claim, according to a report by the Multi-State Shale Research Collaborative, a group of research organizations tracking the impacts of shale drilling that includes the Fiscal Policy Institute. The Marcellus and Utica shale formations span six states: New York, Ohio, Pennsylvania, West Virginia, Maryland, and Virginia. Natural gas development in these six states was fueled by high [...]

2020-11-13T14:56:15-05:00November 21st, 2013|Economic Outlook, Economic Trends & Policy, Press Releases, Reports, Briefs and Presentations|
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Tax Reformers Urge Governor and Legislature to Take the Politics out of the Tax Debate—And Give the Public a Voice!

September 4, 2013. Statewide tax reform groups and activists from across New York State gathered at the State Capitol today to urge the Governor and the State Senate to “shed a little sunshine” on the tax reform debates that have left many New Yorkers “out in the cold.” The NYS Senate (through its Finance Committee, and its Investigations and Government Operations Committees) is holding “Invitation Only” hearings across the state to “Review Existing Tax Policy and Discuss Reform Initiatives” and the Governor’s Tax Reform and [...]

2013-09-05T08:22:32-04:00September 4th, 2013|City Budget, Press Releases, State Budget, Tax & Budget, Tax Policy|
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State of Working New York 2013: Workers Are Paying a High Price for Persistent Unemployment

August 28, 2013. New York workers are paying a high price for persistent unemployment four years into the weakest recovery since the Great Depression, according to the Fiscal Policy Institute’s (FPI) 2013 edition of The State of Working New York. The report notes that in addition to lost job opportunities and health benefits, New York workers are suffering from prolonged periods of joblessness, and high rates of underemployment (or “hidden unemployment”), reflecting more discouraged workers who have given up looking for work. Moreover, out-of-work New [...]

2020-11-13T14:50:32-05:00August 28th, 2013|Economic Outlook, Economic Trends & Policy, Must Read, Press Releases, Reports, Briefs and Presentations|
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Investing in education will build a stronger New York economy

August 22, 2013. The best way for New York State to grow its economy is by expanding investment in a well-educated workforce, according to a new study published by Economic Policy Institute for the Economic Analysis and Research Network (EARN). EARN is a network of 61 state and local economic think tanks and 25 national partners founded by the Economic Policy Institute and several other state and national groups, including the Fiscal Policy Institute. In A Well Educated Workforce is Key to State Prosperity, Noah [...]

2020-11-13T14:56:15-05:00August 22nd, 2013|Economic Outlook, Economic Trends & Policy, Press Releases, Reports, Briefs and Presentations, Social Policy, Tax & Budget|
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Immigration Reform Would Improve Economic Productivity

June 4, 2013. A new report from the Fiscal Policy Institute shows that legalizing undocumented immigrants, paired with labor standards enforcement, would boost economic productivity. Reform would remove barriers to advancement for newly legalized immigrants, create a level playing field for businesses, and align our systems of taxation, social services, and social insurance so that they would function as they are supposed to. “Immigration reform, done right, would be good for immigrants, but it would also be good for all Americans,” said David Dyssegaard Kallick, [...]

2014-11-20T16:46:26-05:00June 12th, 2013|Migration, Must Read, Press Releases, Reports, Briefs and Presentations|
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Groups Say Tax Free-NY is Bad Economic Development Policy, Bad Tax Policy and Bad for New York.

June 11, 2013. Frank Mauro of the Fiscal Policy Institute joined with community, student and labor groups at a press conference in the Legislative Office Building in Albany to urge the Legislature to reject the Governor's ill-conceived Tax-Free NY proposal.  The press conference was organized by Ron Deutsch, the executive director of New Yorkers for Fiscal Fairness. Mauro distributed FPI’s new report on the Tax-Free NY proposal at the press conference which was covered by a number of news outlets including the (Albany) Times Union, [...]

2013-06-24T15:22:21-04:00June 11th, 2013|Press Releases, Tax & Budget, Tax Policy|
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Nearly half of seniors, including a majority of elderly blacks and Hispanics, are on the cusp of poverty, a new Economic Policy Institute report finds.

June 6, 2013. In a new briefing paper released today by the Economic Policy Institute, the report finds that 52.0 percent of New York seniors are at risk. See FPI's press release below. Contact: James Parrott, Deputy Director and Chief Economist, 212-721-5624 (desk), 917-880-9931 (mobile) New report: http://www.epi.org/publication/economic-security-elderly-americans-risk 52% of New York seniors are economically vulnerable, the fifth highest among all states. House Budget Committee Chairman Paul Ryan’s Medicare proposals would put many more seniors at economic risk. Having to squeeze their dollars, 48.0 percent [...]

2020-11-13T14:27:58-05:00June 6th, 2013|Economic Trends & Policy, Labor Market & Workforce, Press Releases, Social Policy|
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Federal tax credits for working families need to be protected and strengthened as part of tax reform efforts

April 10, 2013. With policymakers in Washington calling for federal tax reform, the Fiscal Policy Institute said it is essential that members of Congress consider the beneficial long-term impacts of the Earned Income Tax Credit (EITC) and the Child Tax Credit (CTC) as well as these credits’ short-run benefits. In emphasizing the importance of making the current temporary enhancements of these credits permanent, FPI pointed to a new report from the Center on Budget and Policy Priorities that pulls together and examines the body of [...]

2020-11-13T15:11:23-05:00April 4th, 2013|Must Read, Press Releases, Reports, Briefs and Presentations, Social Policy, Tax & Budget|
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$9 with indexing adds hundreds of millions of dollars more in consumer spending and more jobs

March 13, 2013. A report by the National Employment Law Project and the Fiscal Policy Institute shows the dangers of watering down the $9.00 plus indexing minimum wage proposal, which has the backing of most New Yorkers and majorities in both the Senate and the Assembly.  The report details the greater benefits for workers and the state economy from an increase to $9.00 an hour with indexing compared to the proposal for an $8.75 an hour increase without indexing: $9.00 plus indexing would boost the [...]

2020-11-13T14:58:53-05:00March 13th, 2013|Economic Trends & Policy, Labor Market & Workforce, Press Releases, Reports, Briefs and Presentations|
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Coalition and lawmakers call on Governor, Legislature to close corporate tax loopholes to level playing field for small business and restore public services

January 30, 2013. As part of a coalition of community, labor, faith, student and Occupy organizations, the Fiscal Policy Institute has launched a campaign to bring fairness and transparency to New York’s corporate tax system, ending costly loopholes that cost taxpayers and businesses dearly. The coalition is calling on Governor Cuomo and the Legislature to close a series of unfair corporate tax loopholes, raising nearly $1billion for this year’s state budget and leveling the playing field between large out-of-state multinational corporations and New York based [...]

2013-04-15T16:49:43-04:00January 30th, 2013|Press Releases, Reports, Briefs and Presentations, Tax & Budget, Tax Policy|
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Raising New York’s Minimum Wage: The Economic Benefits and Demographic Impact of Increasing New York’s Minimum Wage to $8.75 per Hour

January 28, 2013. A minimum wage increase included in Governor Cuomo’s budget proposal, released last Tuesday, would raise the paychecks of over 1.5 million low-paid New Yorkers, according to a new report from the Fiscal Policy Institute and the National Employment Law Project. The Governor’s proposal would raise the state’s minimum wage from $7.25 to $8.75 per hour on July 1, 2013, and the increased wages would generate more than $1 billion in new consumer spending, supporting the creation of 7,300 new full-time jobs across [...]

2020-11-13T14:58:53-05:00January 28th, 2013|Economic Trends & Policy, Labor Market & Workforce, Press Releases, Reports, Briefs and Presentations|
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Fiscal Policy Institute’s Mauro to step down

January 7, 2013. Frank Mauro will be stepping down as FPI's Executive Director at the end of New York’s 2013 Legislative session. Mauro has long been one of Albany’s best known experts on budget and public policy issues from his work at FPI and earlier as Secretary of the NYS Assembly Ways and Means Committee, director of Assembly Speaker Stanley Fink’s Program Development Group, director of research for the last major revision of the New York City Charter, and Deputy Director of the Rockefeller Institute [...]

2013-01-07T16:05:26-05:00January 7th, 2013|Press Releases, Tax & Budget|
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