Fiscal Policy Institute (FPI) Nonprofit Research & Education Organization

Trump Has a Fake Plan to Tackle Prescription Drug Prices. New York Should Enact a Real One.
Why are drugs so much more expensive in the US than everywhere else? The answer is so simple it almost boggles the mind: In virtually all other developed countries, the government sets drug prices
FPI Statement on City Budget Crisis: It’s Time to Raise City Taxes
Governor Hochul's Executive Budget includes commitment to partnering with Mayor Mamdani in pursuing universal childcare and acknowledgement of the State's strong fiscal condition. But it shows no plan to prevent the twin crises that will result from federal funding cuts under the so-called “One Big Beautiful Bill Act”
Keeping People Covered after the OBBBA
One of the most significant impacts of H.R. 1, the “One Big Beautiful Bill Act” (OBBBA), on New York’s healthcare system will be the imposition of work requirements on two million New Yorkers who are covered by the ACA’s Medicaid expansion. The bureaucratic hurdles created by these new requirements are expected to result in significant loss of coverage, with the State’s Department of Health estimating that up to 1.2 million New Yorkers could lose their health insurance.
FPI Briefing: First Look at the Executive Budget FY 2027
A recording of FPI's First Look briefing about Executive Budget FY 2027, delivered on January 22, 2026.
FPI Statement on the FY 2027 Executive Budget
Governor Hochul's Executive Budget includes commitment to partnering with Mayor Mamdani in pursuing universal childcare and acknowledgement of the State's strong fiscal condition. But it shows no plan to prevent the twin crises that will result from federal funding cuts under the so-called “One Big Beautiful Bill Act”
FPI Briefing: Response to State of the State FY 2027
A recording of FPI's briefing in response to the State of the State FY 2027, delivered on January 15, 2026.
Statement on the FY 2027 State of the State
On January 13, Governor Hochul delivered her annual address on the State of the State for Fiscal Year 2027. Her address centered affordability in New York, putting forward a flagship new deal with New York City to expand universal childcare statewide. However, the Governor’s speech has a glaring omission: the impact of Federal cuts on health insurance for up to one million New Yorkers.

The Fiscal Policy Institute (FPI) is an independent, nonpartisan think tank that advances sound and equitable fiscal policy to strengthen New York’s economy through research, analysis and strategic communications.