All Publications

New York State Economic and Fiscal Outlook FY 2019

February 15, 2018. In its 28th annual New York State budget briefing book, the Fiscal Policy Institute analyzes and comments on Governor Andrew Cuomo’s FY 2019 Executive Budget. The Trump Administration’s tax law, looming federal budget cuts, multi-billion-dollar state budget deficits, glaring unmet human and physical infrastructure needs throughout the state...this year’s New York State budget negotiations are taking shape against a worrisome and uncertain backdrop. The president and congress are threatening to dismantle decades-old federal entitlement programs, make drastic cuts to programs that help millions [...]

2021-01-06T11:12:45-05:00February 15th, 2018|Blog, NYS Budget|

The Fiscal Significance of Data: a billion-dollar policy innovation

Data is increasingly in the focus of policymakers globally. The Fiscal Policy Institute estimates that by introducing a small tax on data the state would boost its revenue by a billion dollars in the immediate future. The potential for further revenue is particularly important, as the tax is future proof and is well positioned to capture additional gains while the overall business environment transitions to elevated data intensity. Click here to read the full report: The Fiscal Significance of Data: a billion-dollar policy innovation On [...]

Join Us for a Webinar to Discuss New York’s Proposed Data Economy Labor Compensation & Accountability Act

Over the past decade, data has come to the forefront of policy-making. Data is a strategic resource of enormous value and requires deep understanding as our economy adapts to the new paradigm. Join the Fiscal Policy Institute on Wednesday June 30th at 6:30pm for a webinar highlighting New York’s proposed Data Economy Labor Compensation and Accountability Act. After registering, you will receive a confirmation email containing information about joining the webinar. Date:  Wednesday, June 30, 2021 Time:  6:30 PM EST Register in advance for this [...]

2021-07-01T12:40:51-04:00June 29th, 2021|Events  , Past events|

Cutting Off Federal Aid to the Unemployed: States are Slamming the Recovery Effort

More than 400,000 people are poised to lose unemployment benefits this weekend as eight states withdraw early from pandemic-era programs. While $300 a week federal supplements to state benefits are not ending until September, eight states (Alabama, Idaho, Indiana, Nebraska, New Hampshire, North Dakota, West Virginia and Wyoming) join seventeen others who have already cut this benefit or plan to do so soon, affecting about four million recipients altogether. Supporters of these cutoffs argue that the supplements are keeping workers from returning to the workforce, [...]

2021-06-17T11:45:37-04:00June 17th, 2021|Blog|

Economy Shows Improvement, but Employment Needs Time to Recover

Read the full report here: Economy Shows Improvement, but Employment Needs Time to Recover Several measures show signs of gradual improvement for New York residents as the state emerges from the covid-19 recession. One such indicator is the steep decline of new unemployment insurance claims, which had recently peaked in winter this year. Another such positive indicator is the continued gradual decrease in the statewide unemployment (U-3) rate, which peaked at 16.2 in April of 2020 as a result of pandemic-induced layoffs and business closures. The [...]

NY’s Excluded Worker Fund is a Model for Other States – CBPP and EPI

Two national groups put a spotlight on FPI's work with the Fund Excluded Worker Coalition that resulted in $2.1 billion toward allowing undocumented immigrants to get something like what others in New York got in unemployment benefits and stimulus payments. This was a historic victory that the Center on Budget and Policy Priorities and the Economic Policy Institute are encouraging other states to follow! CBPP: Whitney Tucker, Deputy Director of Research at the Center on Budget and Policy Priorities, pointed to the fund as a prime [...]

2021-06-03T11:07:41-04:00May 24th, 2021|Blog, Immigration, New York State, Other States & National|

FPI’s Census 2020 Hindsight in Gotham Gazette

Shamier Settle, Policy Analyst with the Fiscal Policy Institute, wrote this article in the Gotham Gazette about the census count and what the numbers mean for New York. FPI started its census work in 2018 with this report, which estimates of how much funding community based organizations would need to conduct outreach for the census count in 2020. That same year FPI also began highlighting the importance of including investments in the census in the state budget. Through their participation on the steering committee of New York Counts 2020, [...]

New York State Fines and Fees Revenue Lacks Transparency, Obscures Economic Harms

New York State relies on fine, fee, and surcharge revenue to fund government operations- including the functions of the courts and state agencies providing criminal justice, public safety, and victim services. This funding is generated via a complex set of state statutes, including penal, vehicle and traffic, environmental conservation, judiciary, and finance laws and is spent through the General Fund and a bevy of State Special Revenue Funds. No one state government entity or agency is charged with comprehensively reporting on the imposition, collection, and [...]

FPI Testifies to Congress on Immigrant Businesses and Economic Recovery

The director of FPI's Immigration Research Initiative, David Dyssegaard Kallick, was invited to testify before the Congressional Small Business Committee about the role of immigrant businesses in the economic recovery after Covid. Kallick talked about two recovery scenarios: A Main Street-centered rebuilding that picks up on some innovations from the Covid period such as outdoor restaurants, expanded pedestrian areas, and bike paths that have transformed many downtowns and urban centers in very positive ways. This scenario would entail Main Streets as vibrant places where people [...]

2021-04-30T11:30:24-04:00April 30th, 2021|Blog, Immigration, Other States & National, Testimony|

State and Local Employment in New York, Cut in the Pandemic, Has Been Down for a Decade

Read the full report here: State and Local Employment in New York, Cut in the Pandemic, Has Been Down for a Decade State and local government employment is vital to our economy and our quality of life. State and local governments—and their employees—exist because New Yorkers have decided over generations that we need people who are dedicated and trained to teach our children, clean our streets, protect our communities, maintain our highways and bridges, and perform hundreds of other jobs. The number of public employees [...]

Undocumented Women in NYC Particularly Hard Hit by “She-Cession”

Something different has happened during the COVID recession than is typical for other recessions: there has been noticeably more job loss among women than among men.  Dr. C Nicole Mason, President of the Institute for Women’s Policy Research, coined the term “she-cession” to describe this gendered pattern of job loss that is the converse of what in 2008-09 was sometimes called a “mancession.” Women of color, as Mason notes, have been even more starkly impacted by job loss, a double impact since they started in [...]

2021-05-12T10:51:24-04:00April 19th, 2021|Blog, Immigration|

Make Care Work, Fair Work

FPI's Shamier Settle was interviewed on Equal Rights & Justice radio, WBAI 99.5 FM with Marrisa Senteno, Co-Director of the NY Chapter of the National Domestic Workers's Alliance. FPI's report, Domestic Workers are Essential Workers: By the Numbers in New York  , was highlighted in this episode of Equal Rights and Justice with Mimi Rosenberg. Listen to the interview below.    

2021-05-04T12:03:54-04:00April 16th, 2021|FPI in the News, Immigration, New York State|

Domestic Workers are Essential Workers: By the Numbers in New York

Download the full report: "Domestic Workers Are Essential Workers: By the Numbers in New York" Throughout the coronavirus crisis domestic workers have been placed under a double pressure. Already underpaid, many have lost their jobs, or lost hours on the job, putting them under added financial stress. Even when on the job, however, domestic workers find themselves under added physical and psychological stress, acting as essential workers during a pandemic at some risk to their own health as they protect the health of others. Domestic [...]

Domestic Workers in New York: By the Numbers

FOR IMMEDIATE RELEASE: April 12, 2021 Contact: Shamier Settle, ssettle@fiscalpolicy.org, 347-834-5760 Domestic Workers are Essential Workers: By the Numbers in New York Domestic Workers are Essential to our Economy and will be highlighted in Biden Infrastructure Plan Read the report: “Domestic Workers are Essential Workers: By the Numbers in New York” (Albany, NY) –Domestic workers are doing the intense and intimate labor of caring for our families and our households. As the fallout of the global pandemic has made clear, they are essential to our [...]

2021-04-12T08:27:50-04:00April 12th, 2021|Immigration, New York State, Press Releases|

Excluded Worker Fund Will Benefit 290,000 Undocumented New Yorkers and Boost Local Economies

The New York State Excluded Worker Fund passed in this year's budget at last provides a meaningful level of assistance to undocumented workers who have been excluded from major federal pandemic assistance. The $2.1 billion fund creates two tiers of aid. Tier 1 is on a rough par with unemployment insurance, and provides $15,600 to undocumented workers who can meet its strict standards of proof of eligibility. Tier 2 pays $3,200, and is on a par with the three rounds of federal stimulus payments ($1,200, $600, [...]

2021-04-07T08:51:42-04:00April 7th, 2021|Immigration, Must Read, New York State|

Why older Americans with student loan debt might want to consider refinancing

When people hear the phrase "student loan debt" they usually picture young adults. However, more and more older adults carry education debt which can impact their financial security and inter in their ability to afford essential expenses, especially in their retirement years. Unfortunately, according to recent research from the Fiscal Policy Institute, Americans aged 60 and up are actually the fastest-growing age segment within the student loan market. In just the past decade, the number of adults 60 and over who have student loan debt [...]

2021-03-29T14:22:30-04:00March 29th, 2021|FPI in the News|
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