FPI Comments on NYSERDA’s Regional Greenhouse Gas Initiative (RGGI) Rulemaking

December 24, 2007.  FPI comments urging NYSERDA to amend the proposed rule to include low-income protection as an explicitly mandated purpose for the proceeds of the auction of the RGGI allowances and to add at least one low-income advocate to the list of stakeholders to be included in the advisory group to oversee the expenditures of the auction proceeds.

2020-11-13T14:56:17-05:00December 24th, 2007|Economic Trends & Policy, Testimony|

Testimony on economic development in New York State

December 18, 2007. Submitted by FPI's chief economist James Parrott to the New York State Division of the Budget. New York's trillion dollar economy has the potential to be a dynamic economy that rewards all New Yorkers, but challenges abound, including volatility on Wall Street. And there is little to show for the billions of dollars spent on economic development in 2007 by state and local governments. New York needs a new approach that is strategic, diverse, coordinated and accountable. Testimony >>

Testimony of Frank Mauro before the NYS Division of the Budget Public Hearing on Property Taxes

December 13, 2007. This testimony describes the special problems faced by New York localities with relatively weak tax bases compared to their needs. To a large extent, state fiscal policies have caused great pressure on property taxes in needy cities, counties and school districts, including decisions: to reduce revenue sharing; to decrease the share of local school budgets covered by state aid, to divide the non-federal share of Medicaid costs without considering ability to pay, and to allocate STAR benefits in a way that exacerbates [...]

2012-03-15T07:04:32-04:00December 13th, 2007|City Budget, Tax & Budget, Testimony|

Balancing Revenues, Expenditures and Human Needs in a Troubled Time

February 15, 2006. Testimony of Frank J. Mauro, Executive Director, Fiscal Policy Institute, presented to the Joint Budget Hearing on Economic Development and Taxes before the Assembly Ways and Means and Senate Finance Committees. The centerpiece of the 2006-07 Executive Budget is a return to the pre-2001 practice of enacting large multi-year, backloaded tax cuts.   The myriad of tax reductions being proposed by the Governor would reduce state revenues by about $1 billion in 2006-07.  But because the proposed tax reductions would take effect in [...]

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