Reports, Briefs and Presentations Archives - Page 4 of 27

New York State Leads Nation in Income Inequality

June 16, 2016. In Income inequality in the US by state, metropolitan area, and county, a new report published by the Economic Policy Institute (EPI) for the Economic Analysis and Research Network (EARN), Mark Price, an economist at the Keystone Research Center in Harrisburg, PA and Estelle Sommeiller, a socio-economist at the Institute for Research in Economic and Social Sciences in Greater Paris, France detail the incomes of the top 1 percent and the bottom 99 percent by state, metropolitan area, and county. “Great income [...]

Anthony Troia2020-11-13T14:27:55-05:00June 16th, 2016|Economic Trends & Policy, Labor Market & Workforce, Press Releases, Reports, Briefs and Presentations, Tax & Budget, Tax Policy|

Analysis of Refugee Groups Provides Evidence of High Levels of Integration Across Indicators

June 16, 2016. The Fiscal Policy Institute and the Center for American Progress released a report that analyzes how four key refugee groups—Bosnians, Burmese, Hmong, and Somalis—in the United States are doing on key indicators of integration, such as wages, labor market participation, business ownership, English language ability, and citizenship. As the United States and other countries wrestle with how to handle the sharp rise in the number of people around the globe displaced by conflict and persecution, the long-term experiences of the four groups studied [...]

Anthony Troia2016-06-16T09:50:45-04:00June 16th, 2016|Migration, Press Releases, Reports, Briefs and Presentations|

Nearly 1 million NYS workers will benefit from new Federal overtime rule

May 18, 2016. FPI applauds the White House and Labor Secretary Thomas Perez in announcing a new federal overtime regulation today requiring overtime pay for most salaried workers earning up to $47,476 a year (or $913 weekly). FPI’s James Parrott stated, “This will benefit an estimated 982,000 New York salaried workers with either additional pay for more than 40 hours a week, or by scaling back the long hours they work each week without any reduction in pay.” The Washington, D.C.-based Economic Policy Institute, a [...]

Anthony Troia2016-05-18T13:52:39-04:00May 18th, 2016|Economic Trends & Policy, Press Releases, Reports, Briefs and Presentations|

Keeping DREAMers Out of College: Missouri Makes a Costly Mistake

April 19, 2016. Missouri's appropriations bill for higher education includes instructions that would leave immigrants who have been granted deferred action in the position of having to pay a much higher tuition rate at state colleges. For every student this discourages from going to community college, the student loses $7,000 in potential earnings and the state and local governments lose $630 in potential tax contributions. For those who don't get a bachelor's degree, it costs the typical student $21,000 per year in potential earnings, and costs the [...]

Anthony Troia2016-04-19T08:33:44-04:00April 19th, 2016|Migration, Reports, Briefs and Presentations|

Upstate-Downstate Wage Differentials are Relatively Small in Low-Wage Occupations

March 24, 2016. For the bulk of low-wage occupations most likely to be affected by a higher minimum wage, wage levels are fairly uniform between upstate and downstate. Phasing in the minimum wage increase over 6 years to 2021 for the upstate areas as opposed to 3 years for downstate provides ample time for upstate businesses whose wage levels generally are 5% to 10% lower than downstate to adjust to the higher wage floor. See the complete brief for further details.

Anthony Troia2020-11-13T14:58:51-05:00March 24th, 2016|Economic Trends & Policy, Labor Market & Workforce, Reports, Briefs and Presentations|

$15 Minimum Wage Would Raise Earnings for 1.1 Million Immigrants

March 23, 2016. In a brief, the Fiscal Policy Institute states that gradually raising the New York State minimum wage from its current level of $9/hour to $15/hour by 2019 in New York City and mid-2021 in the rest of the state would give a much-needed raise to 1.1 million immigrant workers. In all, there are 3.2 million New York workers who will benefit from the phased-in wage increase, which would on average increase wages by $4,900 per year. These numbers reflect the workers who [...]

Anthony Troia2020-11-13T14:58:51-05:00March 23rd, 2016|Economic Trends & Policy, Labor Market & Workforce, Migration, Press Releases, Reports, Briefs and Presentations|

The Retail Sector—New York’s Biggest Low-wage Employer Needs to Provide Higher Wages

March 22, 2016. Among all sectors, retail trade has the most low-wage workers in New York State. Over a half million (555,200) retail workers will benefit from an increase in the statewide minimum wage to $15 an hour. These workers make up nearly a fifth (18 percent) of the 3.2 million workers receiving a wage boost, although retail jobs represent one in nine of all New York jobs. With the phased-in $15 minimum wage floor, 61 percent of all women retail workers would receive higher wages, [...]

Anthony Troia2020-11-13T14:58:51-05:00March 22nd, 2016|Economic Trends & Policy, Labor Market & Workforce, Reports, Briefs and Presentations|

Briefing on Mayor deBlasio’s Preliminary FY 2017 NYC Budget: Budgeting Cautiously amid State and Economic Uncertainty

March 10, 2016. In his briefing of NYC Mayor Bill deBlasio’s FY 2017 Preliminary budget, FPI’s James Parrott highlights the following: Strong economic and tax growth used to further a different set of budget and policy priorities than predecessors: reinvesting in human services; committing new resources to address housing and homelessness; continuing and different investments in public safety; and changing employment and wage policies to aid workers. Cautious budgeting in the face of economic uncertainty: Outyear gaps have been reduced; City has a significant budget [...]

Anthony Troia2020-10-27T13:09:40-04:00March 10th, 2016|Reports, Briefs and Presentations, State Budget, Tax & Budget, Tax Policy|

Tax Breaks for Wealthy Contributors to Private or Public Schools?

March 2, 2016. The education tax credit proposals currently being discussed have significant drawbacks as outlined in FPI's new brief. Both the governor’s proposal and the senate’s represent misguided tax policy for a number of reasons: The PCEA represents a radical and unwise departure from existing state tax policy because it provides an unprecedented proportion (75 or 90 percent) of tax reduction relative to a contribution. It has the potential to lessen charitable contributions for a wide range of worthy causes. Because of how the [...]

Anthony Troia2016-03-02T12:25:21-05:00March 2nd, 2016|Press Releases, Reports, Briefs and Presentations, State Budget, Tax & Budget, Tax Policy|

Full Implementation of Obama’s Immigration Executive Actions Would Bring $82 Million in Tax Revenues to New York

February 24, 2016. A 50-state study released today by the Institute on Taxation and Economic Policy, co-released in New York by the Fiscal Policy Institute, finds that if President Obama’s executive actions on immigration were permitted to be fully implemented they would bring an additional $82 million in New York state and local tax revenue compared to not having the actions in place. The executive actions would add to the tax revenue in all 50 states and in the District of Columbia. Nationally, the report [...]

Anthony Troia2016-02-24T07:55:51-05:00February 24th, 2016|Migration, Press Releases, Reports, Briefs and Presentations, Tax & Budget, Tax Policy|

Figures from New York State Economic and Fiscal Outlook 2016-2017

All the figures listed below are in JPEG format. The briefing book page number on which each figure appears is included below. NYS FY 2017 Revenues - Page 4 NYS FY 2017 Expenditures - Page 5 Fig 1. Local Assistance and Support to State Agencies Keeps Falling Because of Governor's 2% Spending Cap - Page 10 Fig 2. NY's Economic Ability to Pay Well Exceeds the Governor's 2% State Spending Limit - Page 11 Fig 3. Characteristics of NYS Workers Who Would Benefit from an [...]

Anthony Troia2016-02-16T13:24:18-05:00February 16th, 2016|Reports, Briefs and Presentations|

New York State Economic and Fiscal Outlook FY 2017

February 3, 2016. In its 26th annual New York State budget briefing book, the Fiscal Policy Institute analyzes and comments on Governor Andrew Cuomo’s FY 2017 Executive Budget. The Executive Budget advances some bold and progressive proposals that well reflect the values and needs of New Yorkers. In particular, the governor has shown great leadership and vision in forcefully advocating for a first-in-the nation statewide $15 minimum wage. If enacted, the minimum wage increase would lift the incomes of 3.2 million New Yorkers who desperately [...]

Anthony Troia2020-11-13T15:08:13-05:00February 3rd, 2016|City Budget, Economic Outlook, Economic Trends & Policy, Education, Healthcare, Labor Market & Workforce, Reports, Briefs and Presentations, Social Policy, State Budget, Tax Policy|

Executive Summary: New York State Economic and Fiscal Outlook FY 2017

February 3, 2016. Vice President Joe Biden once said, “Don’t tell me what you value, show me your budget, and I’ll tell you what you value.” Governor Cuomo’s 2017 Executive Budget advances some bold and progressive proposals that well reflect the values and needs of New Yorkers. In particular, the governor has shown great leadership and vision in forcefully advocating for a first-in-the nation statewide $15 minimum wage. If enacted, the minimum wage increase would lift the incomes of 3.2 million New Yorkers who desperately [...]

Anthony Troia2016-02-03T13:37:10-05:00February 3rd, 2016|Reports, Briefs and Presentations, State Budget, Tax & Budget, Tax Policy|

A Fair Wage for Human Services Workers: Ensuring a government funded $15 per hour minimum wage for human services workers throughout NYS

December 9, 2015. A new report prepared by the FPWA, Human Services Council and FPI, documents the current state of the nonprofit sector providing State-funded human services and discusses the implications of the Governor’s proposed $15 an hour minimum wage. The groups support inclusion of the nonprofit sector workers in the wage increase and make the case for increased State funding in human service contracts. More than 200,000 human services workers across NYS are the driving force behind services like afterschool programs, child welfare, early [...]

Anthony Troia2020-11-13T14:58:51-05:00December 9th, 2015|Economic Trends & Policy, Labor Market & Workforce, Press Releases, Reports, Briefs and Presentations|