2010

The Mayor’s Executive Budget Proposal

June 7, 2010. Testimony presented by James Parrott before the New York City Council Committee on Finance.… (read more)

An Overview of Job Quality and Discretionary Economic Development Subsidies in New York City

May 28, 2010. This brief from FPI together with Good Jobs New York and the National Employment Law Project examines the low wages typically paid for many of the permanent jobs at city-subsidized economic development projects such as Bronx Gateway Mall, Fresh Direct and Yankee Stadium.… (read more)

New York City: Economic and Budget Challenges

May 20, 2010. While Wall Street may have recovered, the average New York worker is still mired in the Great Recession. New York like most states has severe budget problems and not enough Federal aid; moreover, state and local government budget cuts will harm the local economy and slow the national recovery. In this context, the Mayor’s NYC budget proposal punishes workers and the poor but does not ask the well-off or Wall Street to share the burden. This presentation … (read more)

Extending the TANF Emergency Contingency Fund Would Bring More Dollars and Jobs to New York

May 19, 2010. To help needy families during the Great Recession, the American Recovery and Reinvestment Act (ARRA), which was signed into law by President Obama on February 17, 2009, created a $5 billion Emergency Contingency Fund (ECF) within the Temporary Assistance for Needy Families (TANF) federal block grant program. This brief shows that the TANF ECF has brought $935 million in new federal dollars to New York over the last year. With the nation continuing to experience high unemployment … (read more)

Prevailing Wage for Building Service Workers in Buildings Owned or Managed by Persons Receiving City Financial Assistance

May 11, 2010. Testimony presented by James Parrott before the New York City Council Committee on Finance.… (read more)

Is the recession over in New York?

May 10, 2010. Despite the fact that job numbers are up, unemployment is down, and gross domestic product has increased for three quarters – by the measures that matter, this recession has been worse for New York workers. Wages fell more sharply in this recession than in the two previous. Joblessness has more than doubled. At this point, 400,000 jobs are needed to return NYC unemployment to pre-recession levels. Also see Severe Recession Hangs on in Much of the City(read more)

Potential efficiencies in City operations

May 6, 2010. A letter sent by James Parrott to Stephen Goldsmith, the City’s new deputy mayor for operations, outlining some ripe opportunities for savings and efficiencies.… (read more)

Property Tax Relief: How Does a Circuit Breaker Work?

April 30, 2010. The New York State Property Tax Reform Coalition explains in plain language. Also see their circuit breaker calculator based on the Galef/Little reform bill.

The  April 2010 issue of Land Lines, the Lincoln Institute of Land Policy‘s quarterly magazine, has a six-page article devoted to circuit breakers and how they work to relieve property tax burden, including a full page sidebar on “New York’s Effort to Provide Targeted Tax Relief.” Read the article – Property (read more)

Oversight: The feasibility of requiring a unified economic development budget as a reporting requirement

April 27, 2010. Testimony presented by James Parrott before the New York City Council Committee on Economic Development.… (read more)

New York Has the Ways and Means: How and Why Wall Street Should Give Back to Main Street

April 19, 2010. This new report details how a temporary bonus tax and other Wall  Street measures could ease New York’s budget crisis and fund property tax relief for the most burdened households. Sensible options for closing the state  budget gap meet three goals:

  1. Support rather than undermine the needs of New York families.
  2. Minimize the  negative impact of this year’s budget decisions on the fragile state economy.
  3. Require the New York financial industry – which bears responsibility for much 
(read more)