Reports, Briefs and Presentations

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 [...]

Anthony Troia2020-11-13T14:56:15-05:00November 21st, 2013|Economic Outlook, Economic Trends & Policy, Press Releases, Reports, Briefs and Presentations|

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 [...]

Anthony Troia2020-11-13T14:50:32-05:00August 28th, 2013|Economic Outlook, Economic Trends & Policy, Must Read, Press Releases, Reports, Briefs and Presentations|

Patterns of Income Polarization in New York City

August 13, 2013. "Patterns of Income Polarization in New York City," is a presentation given by James Parrott at a session of the American Sociological Association Annual Meeting held in New York City.

Anthony Troia2020-11-13T14:27:58-05:00August 13th, 2013|Economic Trends & Policy, Labor Market & Workforce, Reports, Briefs and Presentations|

“Tax-Free NY” is now “Start-Up NY” – Still Bad Tax Policy, Still Bad Economic Development Policy

July 9, 2013. Despite the concerns raised by economists across the political spectrum, a somewhat revised version (A. 8113 and S. 5903) of Governor Cuomo’s “Tax-Free New York” proposal was introduced on June 20, 2013, passed by both houses of the Legislature on June 21, 2013, and signed into law by the Governor on June 24, 2013. The Fiscal Policy Institute’s June 11, 2013 brief on the original proposal concluded that that it was bad tax policy and bad economic development policy. Now recast at [...]

Anthony Troia2020-11-13T14:56:15-05:00July 9th, 2013|Economic Trends & Policy, Must Read, Reports, Briefs and Presentations, Tax & Budget, Tax Policy|

Beyond Balance: Forward-Looking Budget Priorities for New York City

July 9, 2013. All three of New York City’s citywide elected offices will have new faces in 2014. Mayor Michael Bloomberg cannot run for re-election because of the city’s term limits law, while Public Advocate Bill de Blasio and Comptroller John Liu are both running for Mayor rather than seeking re-election to their current offices. As voters consider a large field of mayoral candidates, as well as contenders for the other two citywide offices, the five borough presidencies and the 51 seats in the City [...]

Anthony Troia2020-11-13T14:56:15-05:00July 9th, 2013|Economic Trends & Policy, Reports, Briefs and Presentations, State Budget, Tax & Budget, Tax Policy|

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, [...]

Anthony Troia2014-11-20T16:46:26-05:00June 12th, 2013|Migration, Must Read, Press Releases, Reports, Briefs and Presentations|

Tax-Free New York – Bad Tax Policy, Bad Economic Development Policy

June 11, 2013. This brief concludes that Tax-Free New York is bad tax policy and bad economic development policy. From a tax policy perspective, the Tax-Free NY proposal is inconsistent with the two long-established pillars of tax fairness—horizontal equity and vertical equity. In addition, New York State's past experience with geographically-targeted business tax incentives should raise huge red flags regarding the efficacy of the proposal as an economic development strategy. Besides being diametrically opposed to the principles of tax fairness, the idea of exempting the [...]

Anthony Troia2020-11-13T14:56:15-05:00June 11th, 2013|Economic Trends & Policy, Must Read, Reports, Briefs and Presentations, Tax & Budget, Tax Policy|

Barriers to Entry: The Increasing Challenges Faced by Young Adults in the NYC Labor Market

May 2, 2013. A new report from JobsFirstNYC and co-authored by James Parrott, Deputy Director and Chief Economist, Fiscal Policy Institute, and Lazar Treschan, Director of Youth Policy, Community Service Society, takes an in-depth look at both the supply and demand dimensions of the job market faced by New York City’s 18- to 24-year-old young adult population. Barriers to Entry: The Increasing Challenges Faced by Young Adults in the New York City Labor Market looks at changes in the city's labor market over the past decade [...]

Anthony Troia2020-11-13T15:16:59-05:00May 2nd, 2013|Economic Outlook, Economic Trends & Policy, Labor Market & Workforce, Must Read, Reports, Briefs and Presentations|

$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 [...]

Anthony Troia2020-11-13T14:58:53-05:00March 13th, 2013|Economic Trends & Policy, Labor Market & Workforce, Press Releases, Reports, Briefs and Presentations|

Briefing on Mayor Bloomberg’s Preliminary FY 2014 NYC Budget, and a Forward-Looking Budget Agenda

March 5, 2013. Part I of the budget briefing on Mayor Bloomberg’s Preliminary FY 2014 NYC Budget makes the following points: Unemployment remains very high in this historically weak “recovery.” NYC job growth better than the U.S., but considerable hardships persist. NYC tax revenues have rebounded, but federal and state aid share declined. State budget choices and pressures continue to squeeze NYC. City-funded expenditures projected to increase 3.4% in FY 2014, with increases in debt service and health insurance. Most agency budgets are cut. Over [...]

Anthony Troia2020-11-13T14:48:29-05:00March 5th, 2013|Economic Outlook, Economic Trends & Policy, Reports, Briefs and Presentations, State Budget, Tax Policy|

NYS DREAM Legislation: A Strong Return on Investment

February 27, 2013. A proposal is gaining ground in New York State that would allow all students—including those who are undocumented immigrants—equal access to the state's Tuition Assistance Program. Last year, the Fiscal Policy Institute published an analysis of the costs and benefits of the proposal. This new report digs deeper into the fiscal and economic benefits to New York State, and shows that if the proposal were financed through the income tax the cost to a typical taxpayer would be 87¢, the price of [...]

Anthony Troia2013-04-05T14:10:34-04:00February 27th, 2013|Migration, Must Read, Reports, Briefs and Presentations|

Closing the window of opportunity: the impact of the Governor’s proposed 2013-14 New York State budget on New York City’s women, youth and families

February 16, 2013. When viewed with a gender lens, the Governor’s 2013-2014 budget impacts New York City’s low-income women and their families in many ways, from decreased resources for low-income women seeking to get a foothold in the job market, to reduced funding for a wide range of essential support services, including access to child care. These proposed budget cuts, coupled with a weak recovery and sharp increases in poverty levels in NYC, further destabilize those most in need. Over the last three years, poverty [...]

Anthony Troia2013-02-18T20:41:10-05:00February 16th, 2013|Reports, Briefs and Presentations, State Budget, Tax & Budget|