2014

Testimony at the New York City Council Education and Women’s Issues Committees

February 11, 2014. James Parrott testified before the New York City Council Education and Women’s Issues Committees on Feb. 11, 2014, on the subject of Mayor deBlasio’s Universal Pre-Kindergarten and After-School Proposals. Parrott supported the notion that there should be a dedicated funding stream to pay for these proposals financed by an increase in the top rate on the City’s personal income tax. He examined the proposed increase in historical perspective, reviewed the issue of migration in response to local … (read more)

Testimony at the Joint Legislative Public Hearing on the 2014-2015 Executive Budget – Taxes

February 10, 2014. Executive Director Fred Floss testified before the Senate Finance and Assembly Ways and Means Committees on the Governor’s 2014-2015 Proposed Budget and Financial Plan. Floss noted the proposal for FY2015 is contractionary, since it cuts $2 billion in expenditures and only reduces taxes by $480 and will therefore be a drag on economic growth in New York State. He also commented on a number of tax proposals including the property tax freeze, corporate tax reductions and the … (read more)

Testimony at the Joint Legislative Public Hearing on the 2014-2015 Executive Budget Proposal – Human Services

February 4, 2014. Submitted by Carolyn Boldiston, FPI’s Senior Fiscal Policy Analyst. Testimony includes: recommendations for the 2014-2015 state fiscal year; review of actual and proposed reductions in human services spending; use of federal Temporary Assistance for Needy Families (TANF) funding in the 2014-2015 Executive Budget; and, the impact of decline in the purchasing power of the monthly cash assistance grant.… (read more)

Statement on Governor Cuomo’s Proposed 2014-2015 Budget

January 22, 2014. In his budget message, Governor Andrew Cuomo rightly touts his strong record of leadership in Albany. However, when it comes to the state budget, the governor’s approach is out of focus and falls far short in making the essential public investments to expand opportunities for the millions of New Yorkers in poverty or still struggling to pull away from the Great Recession of 2008-09.

The question is whether the Governor’s approach to the budget is the right … (read more)

Gov. Cuomo Begins His Campaign

January 8, 2014. In a lead editorial on Governor Andrew Cuomo’s January 8 State of the State address, the New York Times took the Governor to task over his package of tax cut proposals announced on January 6 and which he touted in his State of the State. The editorial echoed many of FPI’s criticisms of the Governor’s tax reduction proposals and cited FPI’s James Parrott in raising questions about the advisability of the Governor’s proposal to substantially reduce the … (read more)

2014-2015 Annual State Budget Briefing in NYC

On Tuesday, February 11, 2014, from 10:00 a.m. to 12:30 p.m., the Fiscal Policy Institute will present its annual state budget briefing in New York City hosted by the Community Service Society of New York. To register for this free event, click here.

The topics to be covered during the briefing include:

  • The Social and Economic Context of the Governor’s 2014-15 Executive Budget: What are the major social and economic challenges and opportunities facing the state?  What is
(read more)

Statement on Governor Cuomo’s Tax Proposals

January 6, 2014. Governor Cuomo in unveiling his tax proposals today has identified a key issue in growing the state’s economy—reducing the property tax burden on New Yorkers, and we agree.  The Fiscal Policy Institute has long proposed a circuit breaker as a solution to the burden of high property taxes on moderate and lower income families and to ensure that retirees are not forced out of their homes. What the governor could have added is that creating strong, stable, … (read more)

Briefing on the Mayor’s Preliminary 2015 NYC Budget

On Tuesday morning, March 11, 2014, 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. The briefing presentation will be from 9:30 a.m. to 11:00 a.m. To register for this free event, click here.

The topics to be covered during the briefing include:

  • The social and economic context in New York City at the beginning of 2014: the unevenness
(read more)

Immigration Reform Would Improve Economic Productivity

June 4, 2013. A new report from the Fiscal Policy Institute shows that legalizing undocumented immigrants, paired with labor standards enforcement, would boost economic productivity. Reform would remove barriers to advancement for newly legalized immigrants, create a level playing field for businesses, and align our systems of taxation, social services, and social insurance so that they would function as they are supposed to.

“Immigration reform, done right, would be good for immigrants, but it would also be good for all … (read more)