On Tuesday morning, February 7, 2017, the Fiscal Policy Institute will present its twenty-seventh annual budget briefing in Meeting Room 7 of the Empire State Plaza Convention Center. Please note the venue change for this year’s briefing. A complimentary breakfast and check-in will begin at 8:30 a.m. Our presentation begins at 9:00 a.m. and ends at 10:00 a.m. We hope that you and/or members of your staff will be able to join us for what we are confident will … (read more)
January 19, 2017. The Fiscal Policy Institute staff is currently analyzing Governor Andrew Cuomo’s FY 2018 Executive Budget. A briefing book will be available on February 7, 2017. FPI issued an initial statement on the governor’s budget proposal on January 18, 2017.
FPI has also been examining the potential ramifications of federal budget changes. See the op-ed written by James Parrott.
January 18, 2017. Making state and local taxes less regressive in New York is a top priority for our organization. We are pleased to see the Executive Budget proposal include an extension of the millionaires’ tax and applaud the Governor for making this the centerpiece of his new budget. Given the great income disparities in our state, we think the Governor and the legislature should go further. We would like to see the millionaires’ tax made permanent and to … (read more)
January 10, 2017. The following op-ed by Ron Deutsch appeared in the Buffalo News.
Poverty. While it may not be the glitz and glamour of a flashy news story, it is a very real and pervasive issue for millions of Americans, particularly in New York State. As such, and especially in the aftermath of the 2016 election, it should be clear to members of both political parties that struggling workers face real challenges and need real solutions.
The need in … (read more)
December 28, 2016. The following op-ed by James Parrott appeared in City & State New York on December 28, 2016.
With President-elect Donald Trump and a newly empowered, Republican-dominated Congress soon taking control of the federal budget, the potential for substantial cuts in domestic spending poses gargantuan challenges for New York state and city budgets.
Roughly $57 billion in federal dollars flow into our city and state budgets annually. Medicaid accounts for approximately $35 billion, with another $14 billion in
December 13, 2016. A new report by the Fiscal Policy Institute and the Center for American Progress looks at how Syrian immigrants fare in the United States.
After a political campaign season in which Syrians coming to the United States were met with harsh words and proposals, this report takes a calm look at how immigrants from Syria are faring in the United States. The findings are reassuring: Syrian immigrants are highly educated, disproportionately likely to be business owners, learn … (read more)
December 11, 2016. This op-ed by Lorelei Salas and James Parrott appeared on crainsnewyork.com and in the December 12, 2016 print edition of Crain’s New York Business.
When the state’s minimum wage rises to $11 an hour from $9 on Dec. 31, workers at New York City businesses with more than 10 employees will see the largest percentage minimum-wage increase in 60 years. It will be a welcome and much-needed addition to paychecks for more than 800,000 low-wage workers struggling … (read more)
December 14, 2016, Manhattan. FPI’s 2016 annual breakfast fundraiser will honor Deyanira Del Rio, Henry Garrido, and Steven Greenhouse.… (read more)
September 22, 2016. James Parrott, a member of the New York City Council’s Task Force on Economic Development Tax Expenditures chaired by Finance Committee Chair Julissa Ferreras, presented this testimony at a September 22 hearing on the Task Force report and recommendations for a rigorous, ongoing evaluation procedure. He also urged the Council to convene a hearing on the Hudson Yards property tax breaks, the costs of which are rapidly rising.
September 19, 2016. New York has reason to be optimistic as poverty is declining and incomes are on the upswing, according to new data from the U.S. Census Bureau.
FPI notes that there were significant declines in the overall poverty rates for New York State and New York City in 2015 from 2014 (but no other significant year-over-year changes).
The New York State poverty rate for 2015 was 15.4%, down 0.5% from 2014 (15.9%) resulting in approximately 90,000 fewer New … (read more)