2011

Issue Spotlight: Pensions

May 9, 2011. A brief prepared statement from FPI’s Frank Mauro, who was part of a forum on public sector pensions. The Capitol.… (read more)

Top ten reasons a living wage makes sense for New York City

May 5, 2011. Among the reasons to support an expanded living wage: the rising educational attainment yet falling real wages of New York City’s low-wage workers, and a sharp rise over the past two decades in the number of working poor. The City Council will hold a hearing on May 12 on legislation to extend the city’s living wage law to cover large subsidized economic development projects. Press release and policy brief.… (read more)

SNAP Benefits in Paul Ryan’s Budget Plan

April 12, 2011. A new report from the Center on Budget and Policy Priorities (CBPP) points out that House Budget Committee Chairman Paul Ryan’s budget plan would cut the SNAP program (formerly known as food stamps) by $127 billion – almost 20 percent – over the next ten years (2012-2021), $8.78 billion in New York alone. FPI has estimated the impact on New York City and each of the counties outside New York City. FPI’s press release with New York … (read more)

New York State’s economic rebound is leading the nation

March 25, 2011. New data from the U.S. Commerce Department’s Bureau of Economic Analysis show that New York State led all states in 2010 in the growth in net earnings. This issue of “Numbers that Count” shows that New York grew fastest and second fastest in terms of net earnings and personal income respectively, well ahead of the national averages.… (read more)

A Harder Struggle, Fewer Opportunities: The Impact of the Governor’s Proposed Budget on Women, Children and Families

March 23, 2011. This report, prepared for the New York Women’s Foundation, shows that the Executive Budget takes away from an array of vital programs that strengthen women’s ability to support themselves and their families, and keep them healthy and safe. Obstacles are placed in the paths of women trying to improve their lives and those of their children. The proposed assembly and senate budgets move in the right direction by moderating some of the proposed spending reductions. … (read more)

New Analysis of Subsidized Projects Finds Low Wages Common: City subsidies exceed $2 billion annually

March 8, 2011. A report from FPI, 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. An update of analysis originally conducted last May, the study finds that significant numbers of low-wage jobs are being created with New York City tax dollars, jobs for which starting pay is as low as the … (read more)

Briefing on Mayor Bloomberg’s Preliminary FY 2012 New York City Budget

March 2, 2011. Despite Wall Street’s rebound, unemployment and hardship continue; at best, recovery will be very gradual. The revenue rebound does not make up for declining federal and state aid, particularly in education. Human services are being cut, while recent tax changes worsen the regressivity of the City’s tax structure. The City should begin to address several tax inequities and strengthen its revenue base. Briefing >>(read more)

Short Term Property Tax Relief and Long Term Tax Reform: An Omnibus Approach

March 1, 2011. At the public hearing on the Governor’s proposed “Cap on Real Property Taxes” before the Assembly Standing Committees on Ways and Means, Education, Real Property Taxation, Local Government and Cities, Frank Mauro, FPI’s executive director, explained why a cap on real property taxes would not effectively protect those most in need of property tax relief, and would exacerbate inequities in the current school finance system. In the short run, a property tax circuit breaker would provide effective … (read more)

New Federal Dollars for New York: The TANF Emergency Contingency Fund in the American Recovery and Reinvestment Act of 2009

February 28, 2011. The American Recovery and Reinvestment Act of 2009 (ARRA) established the Emergency Contingency Fund within the federal Temporary Assistance for Needy Families (TANF) program for states to provide more support to needy families. The new fund would supplement a prior existing contingency fund (called the regular Contingency Fund), which in New York’s case was soon to be exhausted.

An ongoing series of briefs from the Fiscal Policy Institute, collected here together with related testimony, looks into the … (read more)

A Balanced Approach to Closing State Deficits

February 25, 2011. Most states are heading into their fourth year of fiscal crisis facing severe revenue shortfalls that require closing huge deficits. The choices states make about how to close those deficits have serious implications both in the short and long term. States that rely solely or primarily on widespread budget cuts to close deficits are harming residents and businesses that need immediate assistance; they also are reducing demand in the economy and impeding their state’s economic recovery. This … (read more)