Author: Anthony Troia

  • Fiscal Year 2024 Budget Briefing Book

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  • FPI: Mayor’s Continued Budget Cuts Are Unwarranted and Fiscally Irresponsible

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  • FPI: Modest Budget Lacks Deep Investments Needed to Reverse Affordability Crisis & Stem Population Loss

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  • New: Expiring Tax Rates to Drive Down Expected Fiscal Year 2028 Revenue

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  • State Economic Update: Economy Recovers While Inequality Rises

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  • FPI on State of the State: NY’s Long-term Economic Competitiveness Depends on Deepening Investments that Sustain Workforce

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  • Update: FY25 State Budget Gap Reflects Stable Fiscal Condition, Not Crisis

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  • Latest Census Data, Combined with FPI Analysis, Reveal New York Losing Working and Middle Class

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  • November State Receipts Exceed Projections for Sixth Month Straight

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  • Testimony on Mayor’s November Financial Plan

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  • High Earners Move Out Of New York Less Often Than Working & Middle Class And Do Not Move In Response To Tax Hikes

    High Earners Move Out Of New York Less Often Than Working & Middle Class And Do Not Move In Response To Tax Hikes

    A groundbreaking new report from the Fiscal Policy Institute, “Who Is Leaving New York State? Income Trends” reveals for the first time that the richest New Yorkers are far less likely to move out of New York than working and middle-class New Yorkers in normal, non-Covid years. While this pattern temporarily changed during Covid, when…

  • October Cash Receipts Remain Stable More Than Halfway Through Fiscal Year

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  • State Fiscal Outlook Improves in Mid-Year Update to Financial Plan

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  • Latest Census Data Confirms New York Losing Residents to Neighboring States with Lower Housing Costs

    New Census data revealed that New York State lost a net total of 244,100 people in 2022. The latest Census data, which details state-to-state migration patterns, confirms the Fiscal Policy Institute’s prior findings: New Yorkers are primarily moving to neighboring states with a lower cost of living, and in particular, lower housing costs. Meanwhile, less…

  • Halfway Into Fiscal Year, Tax Receipts Remain Stable — Budget Gaps Likely to Shrink

    Halfway Into Fiscal Year, Tax Receipts Remain Stable — Budget Gaps Likely to Shrink

    The State Comptroller released its September Cash Report today, showing that year to date cash receipts came in over projections but under 2022 levels. Following the cash report release, FPI Executive Director Nathan Gusdorf released the following statement.