Recent Work
FPI Applauds Hochul-Mamdani Childcare Deal
New York's public school system, built in the nineteenth century, entitles New Yorkers aged five to twenty-one to free education. More recently, policymakers, including Governor Hochul and Mayor-elect Mamdani, have committed to finishing the project by extending universal education and care to children under the age of five.
A Tax Plan for Statewide Universal Childcare
New York's public school system, built in the nineteenth century, entitles New Yorkers aged five to twenty-one to free education. More recently, policymakers, including Governor Hochul and Mayor-elect Mamdani, have committed to finishing the project by extending universal education and care to children under the age of five.
A Tax Plan for Universal Childcare in New York City
The single most decisive factor in whether New York City ends up with a truly universal childcare system is whether that system is supported by sustainable, recurring revenue that grows with the program over time.
Congress Must Ensure Healthcare Affordability
Republican demand to cut premium tax credits will spike New Yorkers' healthcare costs.
New Data Show Rising Inequality, Strong Wage Growth for Top Earners
New data released this morning show that inequality is rising in New York, with income gains for the state’s richest residents driving statewide wage growth well above the national average.
Filling the Gaps: State Tax Policy after the OBBBA
The new federal budget will cost New York State $10 billion annually. The State will have to step in.
FPI Briefing on State Tax Policy after the OBBBA
FPI Director Nathan Gusdorf presented a briefing on July 17 about how state tax policy can respond to the federal funding cuts in the "One Big Beautiful Bill Act".
FPI Research on Tax Migration cited on NBC, CNN, MSNBC
Zohran Mamdani’s recent victory in the New York City Democratic primary election has brought FPI’s past research on millionaire tax flight into the national spotlight.
The Federal Budget is an Assault on New York
Fiscal Policy Institute Director Nathan Gusdorf today released a statement on the federal budget legislation that passed the U.S. House of Representatives this afternoon by a vote of 218-214, with all of New York's Republican representatives voting in favor of the bill.
Financial Plan Analysis of FY 2026 Enacted Budget
On Friday, June 13, New York State’s Division of the Budget released its financial plan for this year’s enacted State budget. The financial plan forecasts a national economic slowdown over the next four years as well as dramatic federal budget cuts. These forecasts indicate that the State will likely need to implement tax increases to manage the fallout from federal economic and fiscal policy.
New York Will Lose $15.4 Billion Per Year Under The “One Big Beautiful Bill Act”
The OBBBA spending cuts are concentrated in Medicaid and food stamps (SNAP), with devastating effects for New Yorkers. The bill will cost the New York State government $15.4 billion annually and kick 1.5 million New Yorkers off their health insurance, more than doubling the statewide uninsured population.
Statement on Governor Hochul’s Announcement of a Budget Agreement
Budget agreement includes serious fiscal missteps that will undermine the State’s ability to weather federal funding cuts
Federal Policy Briefings
Thursday Briefing, April 17 https://youtu.be/AOGhN5R9myw
Budget Negotiations have Finally Started
Final budget must omit tax cuts, shore up funding for essential services – transit, childcare, housing – and fix unemployment insurance
How to Fund the MTA
Lawmakers must look to progressive revenue sources for MTA funding