Reports, briefs and presentations

A Constitutional Convention – A Risk NOT Worth Taking

A Constitutional Convention – A Risk NOT Worth Taking

Ron Deutsch, Fiscal Policy Institute

The New York Constitution articulates the legal rights of New Yorkers, and in many vital areas, provides our residents more protections than the U.S. Constitution. A Constitutional Convention is an expensive, complicated and potentially dangerous undertaking that is unnecessary because we already have a more rigorous and more democratic process by which the voters can adopt or reject individual amendments to the State Constitution on their … (read more)

New York’s Public Colleges: An Engine for Economic Mobility

August 23, 2017

Brent Kramer, PhD, Senior Economist

kramer@fiscalpolicy.org

 

Public Colleges Lift Low-Income Students Into the Middle Class Investing in Public Colleges Essential to Boost Economic Mobility

Earning a four-year college degree is now considered essential for achieving a “middle-class” lifestyle, even as many new graduates have trouble landing good, full-time jobs in a weak labor market. Despite the weak labor market, graduates still have better chances of finding good jobs than do their peers without degrees.

The Fiscal … (read more)

Uphill Employment Battle for New York’s Recent College Graduates

Brent Kramer, PhD, Senior Economist

Kramer@fiscalpolicy.org
August 3, 2017

 

ALBANY, New York – In today’s post-Great Recession environment, student loan debt has reached all-time highs, and more young adults are living at home longer, and are unable to purchase homes, cars, and other assets because of persistent unemployment or underemployment. Many young would-be workers are forgoing the job market altogether, and returning to school or taking unpaid internships in hopes of breaking into their respective fields.

Eight years after … (read more)

Immigrant Youth Add $140 Million to NY State Tax Revenues

April 25, 2017. What will happen to immigrant youth who as children were brought to the United States without legal status and were temporarily shielded from deportation by a 2012 executive order known as Deferred Action for Childhood Arrivals, or DACA? The Trump Administration is projecting very mixed messages about the present and future of these young people.

To help shed some light on how DACA has allowed these young immigrants to contribute to our country and our state, a … (read more)

Report: “Undervalued and Underpaid: How New York State Shortchanges Nonprofit Human Services Providers and Their Workers”

March, 2017. The substantial growth in New York’s nonprofit human services sector has come in response to a host of social, demographic and economic changes. The State and its local governments have turned to nonprofit organizations to provide these critical services; these are public services that serve many populations, including children and those with low incomes striving to enter the middle class. Millions of New Yorkers are directly served, and all New Yorkers reap the benefits of more stable … (read more)

March 2017 NYC Budget Presentation

In his briefing on Mayor deBlasio’s Preliminary FY 2018 NYC Budget, James Parrott highlights the following:

Cautious in face of an uncertain Washington: Federal aid is 1/3 of State budget (which is 18% of City budget); 8-10 % of City budget; 64% of NYCHA budget; and nearly half of the Health and Hospitals budget.

State budget better this year, but still challenges: Governor proposed to extend millionaires tax, but it should be enhanced; threat to CFE-settlement determined school aid; handful … (read more)

Policy Brief: Expand the Millionaires’ Tax and Address New York’s Worst-in-the-Nation Income Inequality

March 7, 2017. The millionaires’ tax is New York’s fiscal Swiss Army knife, a tool that addresses many different needs. It helps fund important priorities, balance the New York State budget, respond to heightened income inequality, and lessen the overall regressive state and local tax structure. And it is very much needed in New York today.

PDF of full Policy Brief(read more)

Economic and Tax Contributions of Undocumented Immigrants in NY

Tuesday, March 2. As the Trump Administration talks about a program of mass deportation – or, who knows, perhaps not? – the question of what contribution undocumented immigrants make to the New York economy is more important than ever. This new report finds that unauthorized immigrants are responsible for $40 billion, or three percent, of New York’s economic output, and make up five percent of the labor force. They also pay taxes—a total of $1.1 billion in state and local … (read more)

Policy Brief: Federal Funding Cuts Could Cause Significant Budget Woes For NYS

February 23, 2017. New York State faces gargantuan budget challenges if the current federal administration is successful in pursuing the many cuts in funding to states proposed thus far. In its most recent policy brief, the Fiscal Policy Institute points out that over one-third of New York’s All Funds budget is comprised of federal funds and billions in additional funds are also sent to local governments, schools, and transportation. Altogether, over $70 billion in federal aid flows to the state … (read more)

New York State Economic and Fiscal Outlook FY 2018

February 7, 2017. In its 27th annual New York State budget briefing book, the Fiscal Policy Institute analyzes and comments on Governor Andrew Cuomo’s FY 2018 Executive Budget.

This year’s New York State budget negotiations take shape against a worrisome backdrop. The president and congress are threatening to dismantle the Affordable Care Act, make drastic cuts to programs that help millions of New Yorkers, and create a hostile environment for the states four million immigrants. The state has an … (read more)