troia

About Anthony Troia

This author has not yet filled in any details.
So far Anthony Troia has created 1233 blog entries.

Housing Costs, Not Taxes, Drive Migration out of New York

On average, savings from lower housing costs are 15 times greater than savings from taxes Press Contact: Monica Klein, press@fiscalpolicy.org Report by Andrew Perry, FPI Senior Policy Analyst January 2023 View the Article PDF Key Findings The typical family that moves out of New York State saves 15 times more from lower housing costs than they do from lower taxes. Of the top twenty largest county-to-county moves out of New York State, annual mortgage costs are [...]

Anthony Troia2023-02-06T21:23:20-05:00January 31st, 2023|Blog, Must Read, Reports, Briefs and Presentations, State Budget, State Tax Policy|

State Corporate Tax Cut Would Cost New York $1.2 Billion in Annual Revenue

A return to historically low 6.5% corporate tax rate would give corporations a $1.5 billion tax cut by the end of FY 2025 Press Contact: Monica Klein, press@fiscalpolicy.org January 2023 Key Findings New York’s corporate tax rate was increased in 2021. This tax increase has raised $3.4 billion of additional revenue to date. Corporate tax revenue exceeded initial expectations by $750 million over FY 2022-2024. If New York cuts its corporate tax rate this year, returning [...]

Anthony Troia2023-02-06T20:41:40-05:00January 30th, 2023|Blog, Economic Outlook, Economic Trends & Policy, Reports, Briefs and Presentations, State Budget, State Tax Policy, Tax & Budget|

November Cash Basis Report shows higher than expected Personal Income Tax receipts

NY Personal Income Tax has raised $37.8 billion year to date — 37.5% more than state projections Press Contact: Monica Klein, 917-565-0715press@fiscalpolicy.org NEW YORK, NY | December 19, 2022 — The New York State Comptroller this week released its November 2022 cash basis report, which documents recent trends in state spending and revenue. Key Points:In Fiscal Year 2023, New York’s personal income tax (PIT) has raised $37.8 billion year to date — 37.5 percent more than state projections.Since COVID, the last [...]

Anthony Troia2022-12-19T15:17:57-05:00December 19th, 2022|Blog, Economic Outlook, Economic Trends & Policy, State Budget, Tax & Budget|

Personal Income Tax Revenue Exceeds Projections in Mid-Year Financial Plan

PIT receipts continue to bring in significant revenue & effectively support state spending Press Contact: Monica Klein, 917-565-0715 press@fiscalpolicy.org NEW YORK, NY | November 15, 2022 — In its Mid-Year Financial Plan Update, the New York State Division of the Budget (DOB) reported that tax revenues continue to exceed previous projections. Personal Income Tax (PIT) receipts continue to outperform expectations — bringing in $48.95 billion — nearly $2 billion more than projected in the enacted budget financial [...]

Anthony Troia2022-11-30T09:19:13-05:00November 30th, 2022|Blog, Economic Outlook, Economic Trends & Policy, State Budget, Tax & Budget|

FPI Statement on New NYS Labor Data and Comptroller DiNapoli’s Labor Force Report

New York added 456,000 jobs from June 2021 to June 2022 — making New York the fifth fastest growing job market in the United States Press Contact: Monica Klein, 917-565-0715 press@fiscalpolicy.org NEW YORK, NY | November 22, 2022 — Nathan Gusdorf, Executive Director of the Fiscal Policy Institute, today released the following statement: “Recent data released by the Bureau of Labor Statistics today reveal New York State added 456,000 jobs from June 2021 to June 2022, which [...]

Anthony Troia2022-11-30T08:51:54-05:00November 30th, 2022|Blog, Economic Outlook, Economic Trends & Policy, State Budget, Tax & Budget|

October Cash Basis Report shows higher than expected Personal Income Tax receipts

Last three financial plan revenue estimates dramatically underestimated PIT revenue Press Contact: Monica Klein, 917-565-0715 press@fiscalpolicy.org NEW YORK, NY | November 21, 2022 — The New York State Comptroller this week released its October 2022 cash basis report, which documents recent trends in state spending and revenue. Key Points: In fiscal year 2023, New York’s personal income tax (PIT) has raised $35.1 billion year to date. Since Covid, the last three financial plans have all dramatically underestimated [...]

Anthony Troia2023-02-06T19:58:27-05:00November 22nd, 2022|Blog, Economic Outlook, Economic Trends & Policy, State Budget, Tax & Budget|

Inequality in New York & Options for Progressive Tax Reform

View and Download PDF November 10, 2022 KEY FINDINGS: A new report from the Institute on Taxation and Economic Policy (ITEP) finds that New York State is home to the highest concentration of extreme wealth in the United States. New York State also has the greatest income inequality in the United States. In order to understand inequality, we need to look at both income and wealth. By both of these measures, New York is the most unequal state in the nation. New Yorkers [...]

Anthony Troia2022-12-21T14:09:55-05:00November 9th, 2022|Blog, Must Read, Reports, Briefs and Presentations, State Budget, State Tax Policy|

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, [...]

Anthony Troia2021-06-17T11:45:37-04:00June 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 [...]

Anthony Troia2021-06-10T11:04:49-04:00June 10th, 2021|Economic Trends & Policy, Employment, Unemployment & Job Quality, Reports, Briefs and Presentations|

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 [...]

Anthony Troia2021-04-21T15:53:19-04:00April 21st, 2021|Economic Trends & Policy, Employment, Unemployment & Job Quality, Policy & Research, Reports, Briefs and Presentations|

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 [...]

Anthony Troia2021-05-12T10:51:24-04:00April 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.

Anthony Troia2021-05-04T12:03:54-04:00April 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 [...]

Anthony Troia2021-04-12T08:05:19-04:00April 12th, 2021|Health Care, Immigration, New York State, Reports, Briefs and Presentations|