February 27, 2014. In testimony presented before the New York City Council Civil Service and Labor Committee, FPI’s James Parrott summarized several employment, wage and cost of living trends affecting low-wage workers in New York City. He noted that 37 percent of all wage-earners in the city are paid less than $15 an hour, and that half of all black and Latino workers are low-wage by this measure. Parrott discussed several groups of low-wage workers and suggested policy steps… (read more)
February 11, 2014. James Parrott testified before the New York City Council Education and Women’s Issues Committees on Feb. 11, 2014, on the subject of Mayor deBlasio’s Universal Pre-Kindergarten and After-School Proposals. Parrott supported the notion that there should be a dedicated funding stream to pay for these proposals financed by an increase in the top rate on the City’s personal income tax. He examined the proposed increase in historical perspective, reviewed the issue of migration in response to… (read more)
February 10, 2014. Executive Director Fred Floss testified before the Senate Finance and Assembly Ways and Means Committees on the Governor’s 2014-2015 Proposed Budget and Financial Plan. Floss noted the proposal for FY2015 is contractionary, since it cuts $2 billion in expenditures and only reduces taxes by $480 and will therefore be a drag on economic growth in New York State. He also commented on a number of tax proposals including the property tax freeze, corporate tax reductions and… (read more)
Testimony at the Joint Legislative Public Hearing on the 2014-2015 Executive Budget Proposal – Human Services
February 4, 2014. Submitted by Carolyn Boldiston, FPI’s Senior Fiscal Policy Analyst. Testimony includes: recommendations for the 2014-2015 state fiscal year; review of actual and proposed reductions in human services spending; use of federal Temporary Assistance for Needy Families (TANF) funding in the 2014-2015 Executive Budget; and, the impact of decline in the purchasing power of the monthly cash assistance grant.
September 4, 2013. In testimony before the Senate Standing Committee on Finance and the Senate Committee on Investigations and Government Operations, Frank Mauro, FPI’s Executive Director, expressed support for a thorough review of the tax system from a number of perspectives. He indicated that back in December 2011, Governor Cuomo and the legislative leaders joined in calling for a thorough review of the fairness of the New York tax system and agreed that fairness is one important basis for… (read more)
February 12, 2013. In this testimony, Frank Mauro made the following six points:
- New York State should not cut taxes while the resources provided for education and other essential services are being hit with “Gap Elimination Adjustments” and other austerity measures.
- New York State should not provide tax subsidies for companies that outsource jobs or otherwise reduce employment in the state. Economic development tax breaks should only go to businesses that create and maintain jobs in the state.
February 12, 2013. We have updated the Economic and Fiscal Outlook 2013-2014 briefing book that was originally released at FPI’s 23rd annual budget briefing on January 29, and submitted testimony by Carolyn Boldiston on the implications for Human Services of the Governor’s 2013-2014 Executive Budget and testimony by Frank Mauro on Tax Issues related to the Legislature’s consideration of the Executive Budget. We have also completed an analysis, with the New York Women’s Foundation, of the… (read more)
February 8, 2013. One of New York City’s biggest challenges is providing a sufficient number of decent job opportunities to enable its citizens to provide for their families and offer hope of a better life for their children. The city’s pronounced income polarization is fundamentally rooted in the job market. Economic and labor market changes over the years have severely limited the availability of good jobs that provide reasonable health and retirement benefits. These changes, which threaten the survival of… (read more)
Testimony at the Joint Legislative Public Hearing on the 2013-2014 Executive Budget Proposal – Human Services
February 5, 2013. Submitted by Carolyn Boldiston, FPI’s Senior Fiscal Policy Analyst. Testimony includes: trends in public assistance participation and poverty in New York State, a review of New York’s historical utilization of the federal Temporary Assistance for Needy Families (TANF) block grant, a review of the state’s maintenance-of-effort spending, and recommendations for the 2013-2014 state fiscal year.
September 28, 2012. In testimony submitted to the New York City Council Committees on Economic Development, Higher Education and Technology, James A. Parrott, FPI’s Deputy Director and Chief Economist, concluded that the “Applied Sciences NYC Initiative” represents an important step in diversifying the New York City economy. According to Parrott, this initiative, which includes the plan for the development by Cornell and Technion Universities of a new engineering campus on Roosevelt Island, as well as projects involving… (read more)