Recent Work
Statement on the FY 2027 One-House Budgets
Following the release of the State Senate and Assembly one-house budgets for fiscal year 2027, Fiscal Policy Institute Acting Director and Chief Economist Dr. Emily Eisner today released the following statement.
Fiscal Policy Institute Announces Leadership Transition
Executive Director Nathan Gusdorf departs to join New York City Mayor’s Office of Management and Budget. Dr. Emily Eisner appointed Acting Executive Director.
Annual Briefing on the Executive Budget — 2026
FPI released its annual report on the executive budget for Fiscal Year 2027
FPI Annual Budget Briefing: Fiscal Year 2027 Executive Budget (Virtual)
A recording of FPI's First Look briefing about Executive Budget FY 2027, delivered on January 22, 2026.
Statement on NYC’s Preliminary Budget: Progressive Taxes and Increased State Aid are Best Solutions to City Budget Challenges
Growth in the City’s budget should be seen as a necessary expense for sustaining one of the greatest cities in the world, not as fiscal recklessness, and the State ought to do its part to help the City manage this crisis.
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”
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.
Before the State of the State: New York’s Fiscal Outlook and Millionaire Tax Breaks
On January 13, Governor Hochul will deliver the State of the State speech, which is expected to address matters of affordability in New York and the State’s relationship with the federal government. FPI here releases summaries of two previous publications on the State’s fiscal outlook and the tax breaks that New York’s millionaire earners will receive from the federal government this year.
Fiscal Policy Institute Staff Join Mamdani Administration Transition Committees
NEW YORK, NY | The Fiscal Policy Institute today announced that three senior staff members have been appointed to the transition committees for the incoming Zohran Mamdani administration. The FPI staff joining the incoming Zohran Mamdani administration’s transition committees are: Executive Director Nathan Gusdorf, who will bring expertise in tax law and budgetary policy to the Committee on Government Operations; Chief Economist Emily Eisner, a specialist in macroeconomics and public finance, who joins the Committee on Housing; and Director of Health Policy Michael Kinnucan, an expert in Medicaid policy, long-term care, and workforce and employer-sponsored insurance issues, who will sit [...]
Governor Hochul Commits $106 Million to Fighting Hunger During Federal Shutdown
With the federal shutdown entering its thirtieth day, it is now expected that federal funding for SNAP benefits (food stamps) will run out at the end of October. This morning, Governor Hochul announced an additional $65 million in funding for charitable food assistance, bringing overall state funding for emergency food assistance to $106 million. We commend the governor for her efforts to keep New Yorkers fed while the federal government gambles with human lives. The best way to ensure that the forty-two million Americans—including three million New Yorkers—relying on SNAP receive their benefits would be for Republicans [...]
Failure to fund SNAP benefits will remove $640 million from state economy
With the federal shutdown entering its 28th day, it is now expected that federal funding for SNAP benefits (food stamps) will run out by the end of October. The 3 million New Yorkers — including 1 million children — who rely on SNAP for food security will collectively lose the $640 million per month that they receive in benefits, triggering an immediate hunger crisis throughout the state. What’s more, 16,000 retailers that serve SNAP recipients will also lose out on $640 million in aggregate monthly revenue, a huge loss that could put strain on the businesses. Governor Hochul has [...]
Governor Hochul Must Call an Emergency Session to Address Trump’s Hunger Crisis
With the federal shutdown entering its 24th day, it is now expected that federal funding for SNAP benefits (food stamps) will run out by the end of October. The 3 million New Yorkers (including 1 million children) who rely on SNAP for food security will collectively lose the $700 million per month that they receive in benefits, triggering an immediate hunger crisis throughout the state. This morning, Governor Hochul proposed a meager $11 million plan to support food banks statewide in order to mitigate the effects of this funding loss—but this commitment pales in comparison to the $700 million per [...]