2017

Policy Brief: Expand the Millionaires’ Tax and Address New York’s Worst-in-the-Nation Income Inequality

March 7, 2017. The millionaires’ tax is New York’s fiscal Swiss Army knife, a tool that addresses many different needs. It helps fund important priorities, balance the New York State budget, respond to heightened income inequality, and lessen the overall regressive state and local tax structure. And it is very much needed in New York today.

PDF of full Policy Brief(read more)

Economic and Tax Contributions of Undocumented Immigrants in NY

Tuesday, March 2. As the Trump Administration talks about a program of mass deportation – or, who knows, perhaps not? – the question of what contribution undocumented immigrants make to the New York economy is more important than ever. This new report finds that unauthorized immigrants are responsible for $40 billion, or three percent, of New York’s economic output, and make up five percent of the labor force. They also pay taxes—a total of $1.1 billion in state and local … (read more)

Policy Brief: Federal Funding Cuts Could Cause Significant Budget Woes For NYS

February 23, 2017. New York State faces gargantuan budget challenges if the current federal administration is successful in pursuing the many cuts in funding to states proposed thus far. In its most recent policy brief, the Fiscal Policy Institute points out that over one-third of New York’s All Funds budget is comprised of federal funds and billions in additional funds are also sent to local governments, schools, and transportation. Altogether, over $70 billion in federal aid flows to the state … (read more)

Briefing on Mayor de Blasio’s FY 2018 Preliminary NYC Budget

On Friday, March 10, 2017, 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 (FPWA). The briefing presentation will be from 9:30 a.m. to 11:00 a.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 include:

  • An overview of the Mayor’s Preliminary FY 2018
(read more)

Testimony at the Joint Legislative Public Hearing on the FY 2018 Executive Budget – Taxes

February 7, 2017. Executive Director Ron Deutsch testified before the Senate Finance and Assembly Ways and Means Committees on the Governor’s FY 2018 Proposed Budget and Financial Plan.

Income inequality, as indicated by the richest 1 percent share of total income, has grown substantially since 1980 in New York State as well as nationally. One of the most sensible tools the state has to address the growing income gap in New York is the millionaires’ tax. The proposed extension of … (read more)

New York State Economic and Fiscal Outlook FY 2018

February 7, 2017. In its 27th annual New York State budget briefing book, the Fiscal Policy Institute analyzes and comments on Governor Andrew Cuomo’s FY 2018 Executive Budget.

This year’s New York State budget negotiations take shape against a worrisome backdrop. The president and congress are threatening to dismantle the Affordable Care Act, make drastic cuts to programs that help millions of New Yorkers, and create a hostile environment for the states four million immigrants. The state has an … (read more)

2017 State Budget Briefing in NYC

On Thursday afternoon, February 16, 2017, the Fiscal Policy Institute will present its New York State budget briefing in New York City at Community Service Society (CSS). Check-in and refreshments will begin at 2:30 p.m. Our presentation begins at 3:00 p.m. and ends at 4:00 p.m. We hope that you and/or members of your staff will be able to join us for what we are confident will be a useful and informative session. You can RSVP online here.… (read more)

Expanding Access to Driver’s Licenses: How Many Additional Cars Might Be Purchased?

January 31, 2017. If a policy was implemented allowing all age eligible immigrants, regardless of immigration status, to obtain a license, the Fiscal Policy Institute estimates that 97,000 additional cars would be purchased and registered in about a three year period, a one percent increase in the total number of vehicles in the state.

An innovative analysis compares the vehicle ownership rates in households that include an unauthorized immigrant with other immigrant households. The comparison adjusts for household income, number … (read more)

Take-Up Rates for Driver’s Licenses

January 31, 2017. How many unauthorized immigrants actually get licenses when driver’s license policies are expanded to allow them to apply?

The Fiscal Policy Institute looks at the experience of five states and the District of Columbia, and finds that, based on these examples, between 25 percent and 50 percent of unauthorized immigrants over the age of 16 obtain a license in the first three years.

PDF of Brief(read more)

Immigrants Help Syracuse Grow

January 27, 2017. Immigrants contribute to the economy of the Syracuse metro area, helping it to grow. Immigrants make up 5.5 percent of the population of metro Syracuse, 6.2 percent of the labor force, and an impressive 6.9 percent of total economic output. And, immigrants are a much more diverse group than most people realize.

The largest country of birth for immigrants in metro Syracuse is China, with people born in China making up seven percent of immigrants. Canada may … (read more)