New York City’s Economy and the Situation of Low- and Moderate-Income Households

May 1, 2003. Testimony presented by James A. Parrott to the New York City Rent Guidelines Board.… (read more)

Schools, Taxes and the New York Economy

April 24, 2003. A balanced budget alternative to the Governor’s school aid cuts. Based on an economic impact analysis prepared for FPI by the Institute on Taxation and Economic Policy, this report, released jointly by FPI and the Alliance for Quality Education, shows that the Governor’s school aid cuts are “job killers” in the short run and even worse for the state’s economy over time.  The economic benefits of restoring the Governor’s school aid cuts far outweigh the effects … (read more)

New York Impact Analysis: Effects of 2004 Congressional Budget Resolution

April 23, 2003. Due to the federal tax and budget agreement, New York will suffer $1.56 billion in cuts to key programs over ten years to pay for tax breaks for the wealthy, according to this report from the Economic Policy Institute and the Institute for America’s Future.

Groups call on House to join Senate in passing fiscal relief for the states; joint statement from FPI and New Yorkers for Fiscal Fairness releasing new EPI/Institute for America’s Future report… (read more)

Revitalize New York by Putting People to Work: A Jobs-Based Strategy for Economic Diversification and High-Road Growth

March 13, 2003.  This new 30-page report prepared by FPI for the Labor Community Advocacy Network to Revitalize New York (LCAN) makes the case for a $1 billion Liberty Jobs Program to counteract the massive job losses that New York City has experienced as a result of the September 11 attacks on the World Trade Center. Press release, report.… (read more)

Testimony at the Legislature’s Joint Budget Hearing on Human Services

March 3, 2003. Includes updated tables on TANF block grant spending, minimum wage workers, disposable income of New York SSI recipients, and each county’s public assistance shelter allowance as a percent of its Fair Market Rent. Testimony >>(read more)

Testimony at the Legislature’s Joint Budget Hearing on Taxes and Economic Development

February 26, 2003. Presented by FPI’s Frank Mauro. Testimony >>(read more)

Meeting New York City’s Fiscal and Economic Challenges in 2003

February 12, 2003. Released at FPI’s annual budget briefing, this analysis is based on Mayor Bloomberg’s January 28 Financial Plan for FY 2003-2007. Presentation >>(read more)

Taxes, Government Services and Jobs

February 12, 2003.  A short summary of the academic literature on this subject, and a critique of the New York State and New York City “tax impact” models prepared by the Beacon Hill Institute for the Heritage Foundation and the Manhattan Institute.… (read more)

Balancing New York State’s 2003-2004 Budget in an Economically Sensible Manner

February 4, 2003. The Fiscal Policy Institute’s 13th annual budget briefing: analysis of Governor George E. Pataki’s Executive Budget and alternative approaches to balancing New York State’s 2003-2004 budget.  Briefing book on the 2003-2004 executive budget >>

This PowerPoint version of the briefing book has most of the same charts and graphs but condenses the text with bullet points.

Despite Governor Pataki’s recent pronouncements regarding the relationship between jobs and cuts in broad based taxes, the large personal income tax … (read more)

New York State and Local Taxes in 2002

January 2003. From the Institute for Taxation and Economic Policy, this chart and table show the impact of state and local taxes (by type of tax, in total before taking federal deductibility into consideration, and in total after taking federal deductibility into consideration) on the family incomes of non-elderly New Yorkers broken down into seven income categories, ranging from the bottom 20% (taxpayers with incomes of less than $15,000) to the top 1% (taxpayers with incomes above $634,000). (PDF)… (read more)