Year

Minimum wage hike would boost workers left behind by the economic expansion

February 7, 2001. Minimum wage hike would boost workers left behind by the economic expansion. The current proposal to increase the Federal minimum wage by $1.50 in 3 steps between now and 2003 would directly benefit more than 520,000 New York workers. Press release >>(read more)

Balancing Revenues, Expenditures and Human Needs in the 21st Century: Assessing New York’s 2001-2002 Executive Budget in Economic, Social and Fiscal Context

January 2001. The Fiscal Policy Institute’s 11th annual budget briefing.  Briefing book on the 2001-2002 executive budget >>

Also at this year’s briefing, Michael Mazerov of the Center on Budget and Policy Priorities made a presentation: The “Single Sales Factor” Formula for State Corporate Taxes: A Boon to New York Economic Development or a Costly Giveaway?(read more)

School Finance Reform Victory

January 10, 2001. Today, the Campaign for Fiscal Equity, a coalition of parent organizations, community school boards, concerned citizens and advocacy groups won a major victory at the State Supreme Court in their challenge to the way in which New York State funds elementary and secondary education.  In his 180-page decision, Justice Leland DeGrasse gave the New York State legislature until September 15, 2001, to draw up a new funding system that meets the following five requirements:

  1. Ensuring that
(read more)

New York Stock Exchange Subsidy Deal

January 8, 2001. Testimony delivered at the Public Hearing of the Empire State Development Corporation on the New York Stock Exchange Project Held Pursuant to the Eminent Domain Procedure Law, Alexander Hamilton United States Customs House.

James A. Parrott, Deputy Director and Chief Economist, Fiscal Policy Institute, testified:

My name is James Parrott and I am the Deputy Director and Chief Economist of the Fiscal Policy Institute (FPI). FPI was established in 1991 and is a nonpartisan, non-profit research and … (read more)

Are Lazio’s proposed tax cuts good for New York?

October 29, 2000. Point-counterpoint opinion from FPI’s Frank Mauro and Stephen Kagann, New York State Chief Economist, in the New York Daily News.

It’s a Boon to the Rich By Frank Mauro, Executive Director, Fiscal Policy Institute

Rick Lazio likes to refer to his proposed tax cuts as balanced and fiscally responsible, and says they will “extend economic expansion across New York.” In reality, he fails on all three grounds.

The Lazio tax cuts are not fiscally responsible. Together … (read more)

Impossible Choices: Food and Housing or Prescription Drugs?

October 11, 2000. This report was prepared by the Fiscal Policy Institute for USAction, the nation’s largest consumer organization. It examines how rising prescription drug prices are affecting the household budgets and living standards of older Americans. The report was released today in Washington by USAction and at numerous locations around the country by USAction’s state and regional affiliates. FPI Senior Economist Trudi Renwick presented the reports results at USAction’s press conference in Washington, DC, while FPI Executive Director … (read more)

Building a Ladder to Jobs and Higher Wages

October 1, 2000. New York’s public and private leaders can create more jobs, expand training and educational opportunities, and ensure that work is a path out of poverty. This report from the Working Group on New York City’s Low-Wage Labor Market examines the current nature of the city’s low-wage labor market and includes a comprehensive set of policy recommendations to address the labor market problems of New York City’s growing low-wage labor force. FPI was a member of the working … (read more)

Social Security Protects 253,000 New Yorkers Under Age 40

September 27, 2000. Despite widespread public perception that Social Security is only for seniors, 253,000 young people in New York receive monthly benefits through the Social Security disability and survivors insurance programs. A new report, Young Social Security Beneficiaries in New York, discusses the impact that Social Security privatization would have on this vulnerable population. Press release below.

Social Security, America’s Most Important Safety Net Program, Protects 253,000 New Yorkers Under Age 40

These and other recipients of Disability … (read more)

The Self Sufficiency Standard for New York: How Much Do New Yorkers Really Need to Make Ends Meet?

September 13, 2000. Today, the members of the New York State Self-Sufficiency Standard Steering Committee released the Self Sufficiency Standard for New York report in Albany. The report is authored by Dr. Diana Pearce who currently teaches at the School of Social Work at the University of Washington, Seattle. Dr. Pearce has developed these Standards for 12 other states.

Full report here, county-by county standards here. Executive summary, press release and committee members below. Also see the article … (read more)

Family Needs Far Exceed the Official Poverty Line

September 13, 2000. An article in the New York Times by Nina Bernstein, focusing on a new report on what families really face in terms of basic expenses – The Self Sufficiency Standard for New York.

Carol Williams did not need an economic study to prove that her $24,000-a-year job as an administrative assistant could not support three children in New York, even when squeezed into a one-bedroom, $600-a-month apartment in the Bronx.

“By the time I paid my … (read more)