Year

NYC Social Services Career Ladder Project

December 14, 2014. The New York City Social Services Career Ladder Project began in 2014. For a description of the project, click here.

Briefing on the Mayor’s Preliminary 2016 NYC Budget

On Tuesday morning, March 10, 2015, the Fiscal Policy Institute will present its annual New York City budget briefing to the Economic Justice and Social Welfare Network at the Federation of Protestant Welfare Agencies (281 Park Avenue South at 22nd Street, Room A, NYC). The briefing presentation will be from 3:00 p.m. to 4:30 p.m. The briefing is open to the public. To register for this free event, please click here.

The topics to be covered during the briefing… (read more)

A missed opportunity: Gov. Andrew Cuomo’s proposed budget needs to firmly invest in the Empire State

February 15, 2015. Gov. Andrew Cuomo’s budget proposal takes some positive steps forward in clearly acknowledging, for the first time in his tenure, the incredible child poverty and income inequality that exist in our generally affluent state. He also wisely recognizes the need to give greater property tax relief to those who need it most rather than spreading it too thinly.

However, for every step forward the governor takes in addressing some critical issues, he takes two steps back by… (read more)

New York State Economic and Fiscal Outlook 2015-2016

February 10, 2015. In its 25th annual New York State briefing book, the Fiscal Policy Institute analyzes and comments on Governor Andrew Cuomo’s 2015-2016 Executive Budget.

Governor Andrew Cuomo’s Executive Budget proposal takes some positive steps forward in clearly acknowledging, for the first time in his tenure, the incredible child poverty and income inequality that exist in our generally affluent state and recognizing the need to give greater property tax relief to those who need it most rather… (read more)

Testimony at the Joint Legislative Public Hearing on the 2015-2016 Executive Budget – Taxes

February 9, 2015. Executive Director Ron Deutsch testified before the Senate Finance and Assembly Ways and Means Committees on the Governor’s 2015-2016 Proposed Budget and Financial Plan.

Governor Andrew Cuomo’s Executive Budget proposal takes some positive steps forward in clearly acknowledging, for the first time in his tenure, the incredible child poverty and income inequality that exist in our generally affluent state and recognizing the need to give greater property tax relief to those who need it most rather… (read more)

Testimony at the Joint Legislative Public Hearing on the 2015-2016 Executive Budget – Human Services

February 4, 2015. Submitted by Elizabeth McNichol, FPI Senior Fellow. Testimony includes: recommendations for the 2015-2016 state fiscal year; a summary and analysis of actual and proposed reductions in Human Services spending; use of federal Temporary Assistance for Needy Families (TANF) funding in the 2015-2016 Executive Budget; and, the impact of decline in the purchasing power of the monthly cash assistance grant.

New York’s Top 1% See All Income Gains Since Recession

January 26, 2015. The incomes of the top 1 percent in New York State were nearly 50 times more than the bottom 99 percent in 2012, according to new analysis published by the Economic Policy Institute for the Economic Analysis and Research Network (EARN). The Fiscal Policy Institute is a founding member of the EARN network. In The Increasingly Unequal States of America: Income Inequality by State, 1917 to 2012, economists Estelle Sommelier and Mark Price update their analysis… (read more)

Preliminary Analysis: Budget Takes One Step Forward and Two Steps Back

January 21, 2015.

Ron Deutsch, Executive Director

“The Governor’s proposal takes some positive steps forward to deliver targeted property tax relief and address poverty in the state. However, for every step forward we take two steps back if we don’t dramatically increase aid to our fiscally stressed schools and local governments and commit substantial resources to ending child poverty in our state.”

James Parrott, Deputy Director and Chief Economist

“To really help the poor and the middle class, we

(read more)

New Analysis Confirms Low- and Middle-Income New York Taxpayers Pay Higher Tax Rate than the Richest New Yorkers

January 16, 2015. A new study just released by the Institute on Taxation and Economic Policy (ITEP) and the Fiscal Policy Institute (FPI) finds that the wealthiest New Yorkers are paying a smaller share of their income in state and local taxes than lower-income families that are struggling everyday to make ends meet. New York households with incomes under $100,000 pay higher effective state and local tax rates, ranging from 10.4% to 12%, than the richest 1% of… (read more)

FPI Commends Governor Cuomo for Advancing Middle Class Circuit Breaker—Targeted Tax Relief Tied to Income Is the Most Effective Mechanism

January 14, 2015. Governor Cuomo just announced a $1.66 billion property tax credit program (commonly referred to as a “Circuit Breaker”) to help ease the burden on working class families who are paying too much of their income in property taxes.

The Fiscal Policy Institute (FPI), working with our partners in the Omnibus Property Tax Consortium, has been calling for a targeted circuit breaker for years.  “We are pleased that the Governor announced a circuit breaker proposal that targets

(read more)