Year

Support For a Pied-à-Terre Tax in NYC Grows After $240M Penthouse Sale

February 11, 2019. Last month, billionaire Ken Griffith closed on a penthouse at 220 Central Park South for over $239 million, making it the most expensive home ever sold in the United States. Griffin, the founder of the hedge fund Citadel, said he will not use the pricey pad as a primary residence, but instead as “a place to stay when he’s in town.” The staggering sale has renewed support from public officials for a pied-à-terre tax, which would place … (read more)

Automatic Voter Registration: Good for Democracy and Sound Fiscal Sense

February 11, 2019. New York is in many ways thought of as a progressive state, but in terms of the basic democratic function of voting we are far behind most of the country. In voter registration, for instance, New York ranks 46th out of 50 states in share of citizens over 18 years old who are registered to vote.

Automatic Voter Registration is a solution being currently considered that would leave far fewer people behind. As with any new proposal, … (read more)

Lawmakers & Advocates to Cuomo: Where is the Census Funding Report Due in January?

Senators Question Why 2018 Law Establishing NYS Complete Count Commission Was Never Created and Status of Missing Report on Funding Recommendations

New York is Projected to be the Only State to Lose 2 Congressional Seats

ALBANY, NEW YORK (2/6/2019) – Today, members of the New York State Senate Majority and advocates called into question why Governor Cuomo failed to convene the 2020 Census Complete Count Commission required by legislation he signed into law in March of 2018, and want to … (read more)

Pied-à-terre Tax Resurfaces Amid 220 Central Park South Purchase

February 6th, 2019. Billionaire Ken Griffin’s record-breaking purchase for $238 million of the penthouse at 220 Central Park South, a super-tall building designed by Robert A.M. Stern in Midtown, is prompting a newfound push for the introduction of a pied-à-terre tax.

According to Mark Levine, the council member for District 7 in Manhattan, the tax would be a small surcharge on second homes valued at $5 million or more. Advocates of the tax cite a 2014 report by the Fiscal (read more)

Letter: Research Shows Higher Minimum Wage Good for Jobs

February 1, 2019. In a short rebuttal in regards to the minimum wage and whether it will negatively impact businesses, the author cites several studies that support the economic viability of enacting a higher minimum wage.

In one research study, Dube, Lester, and Reich in a study “Minimum Wage Effect Across State Borders,” studied the effect of one state raising minimum wages while a bordering state did not raise its minimum wages and found no adverse effect on employment. A (read more)

After $238M Condo Sale, Calls for Pied-à-Terre Tax Are Renewed

February 1, 2019. Hedge funder Ken Griffin, who owns pricey properties in several other cities, snagged the most expensive apartment in not just New York City, but the entire country—but he reportedly doesn’t even plan to use the home as his primary residence. The sale prompted several elected officials to renew calls for a pied-à-Terre tax for secondary properties in New York City.

Senator Brad Hoylman first proposed such a tax in the state legislature in 2014, after (read more)

Join us for FPI’s FY 2020 Budget Briefing on February 12th

On Tuesday morning, February 12th, 2019, the Fiscal Policy Institute will present its twenty-ninth annual budget briefing in the Huxley Theater at the New York State Museum (Madison Avenue Side of the Empire State Plaza Concourse). The Huxley Theater is a bit more of a walk down the concourse than our usual locations, but it’s great venue, with a large screen and amphitheater seating.

A complimentary breakfast and check-in will begin at 8:15 a.m. Our presentation begins at 9:00 (read more)

After ‘Grotesque’ $238 Million Penthouse Sale, Calls For ‘Pied-A-Terre Tax’ Intensify

January 30, 2019. Hedge funder Ken Griffin, who owns pricey properties in several other cities, snagged the most expensive apartment in not just New York City, but the entire country—but he reportedly doesn’t even plan to use the home as his primary residence. The sale prompted several elected officials to renew calls for a pied-à-Terre tax for secondary properties in New York City.

The pied-à-terre tax is not a new concept. Back in 2014, state Senator Brad Hoylman drafted (read more)

Renewed Push for Driver’s Licenses for Undocumented Immigrants Comes Amid Political Change

January 30, 2019. With Democrats holding a commanding majority in the state Senate and Assembly, New York immigration advocates see a clear path to passing legislation that would allow undocumented immigrants to apply for driver’s licenses.

Approximately 92,000 undocumented immigrants over age 16 in the Lower Hudson Valley, according to the Fiscal Policy Institute, a union-backed think tank in Albany.

Find the article at lohud.… (read more)

Trump Imagines 14 Million New “Illegal Aliens”

January 27, 2019. In response to questionable numbers regarding undocumented immigrants stated by the Trump Administration, the Daily Beast breaks down the number and cost of taking in more undocumented immigrants.

“It’s frustrating that the president of the United States throws out numbers without any way documenting what he is talking about, and then sends reporters and researchers scrambling to try to second guess what he may be talking about,” David Dyssegaard Kallick, director of immigration research at the Fiscal (read more)