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Congressional COVID Relief Bill Offers New York Workers Some Needed Relief

New York State’s unemployed workers will soon see some relief from the federal coronavirus relief bill passed on December 21, 2020. The bill provides $300/week in enhanced unemployment compensation (FPUC). It also extends Pandemic Unemployment Assistance (PUA) and Pandemic Emergency Unemployment Compensation (PEUC) for another 11 weeks. In October and November of 2020, New York’s unemployment rate stood at 10 percent, with over 800,000 unemployed workers. Those most impacted by layoffs include Black workers (at 14 percent unemployed) and Hispanic and Asian workers (both at 13 percent unemployed). Comparatively, 7 percent of white workers were unemployed.  Immigrant workers, a category defined as [...]

2020-12-30T14:27:01-05:00December 30th, 2020|Blog, Employment, Unemployment & Job Quality|

Press Release: Legislators, Fiscal Watchdog, Children and Social Justice Advocates and Faith Leaders Urge NY to Take Real Steps To Address Child Poverty and Provide Tax Relief to Low Income Families by Strengthening NY’s EITC and Child Tax Credit

For Immediate Release: March 11, 2019 Media Contact: Dede Hill, Director of Policy, Schuyler Center for Analysis and Advocacy - (518) 879-6616 | dhill@scaany.org Ron Deutsch, Executive Director, Fiscal Policy Institute - (518) 469-6769 | deutsch@fiscalpolicy.org Pete Nabozny, The Children’s Agenda - (518) 929-1264 | pete@thechildrensagenda.org     Legislators, Fiscal Watchdog, Children and Social Justice Advocates and Faith Leaders Urge NY to Take Real Steps To Address Child Poverty and Provide Tax Relief to Low Income Families by Strengthening NY’s EITC and Child Tax Credit Albany, NY. Lawmakers [...]

2021-01-06T09:59:19-05:00March 11th, 2019|Blog, NYS Tax Policy, Press releases|

Pied-a-Terre Tax Media Roundup

March 7, 2019. As the first of April inches closer, there has been significant buzz about implementing a Pied-a-Terre Tax on non-primary residences in New York City. Pushed by two New York City Council members and two Manhattan state legislators, the tax would apply a surcharge to homes in the City that are not primary residences and are worth more than $5 million. A report by the Fiscal Policy Institute cited that the proposed tax would generate an estimated $665 million annually from co-ops and condos. Pieds-à-terre [...]

2021-01-06T09:47:08-05:00March 7th, 2019|FPI in the News, NYS Tax Policy|

Advocates in Albany Urge Lawmakers to Support Refugees with NY State Budget Aid

February 26, 2019. Refugee service providers from across the state rallied on the Capitol's Million Dollar Staircase Tuesday to urge the legislature to double funding to support newcomers as the federal government cuts refugee arrivals and aid. On Tuesday, refugees, representatives from each of the 14 organizations, and Fiscal Policy Institute Deputy Director David Dyssegaard Kallick joined Democratic Assembly members Patricia Fahy from Albany, Marianne Buttenschon from Utica and Sean Ryan from Buffalo to rally for funding. Find the article on The Times Union.

2021-01-06T09:45:08-05:00February 26th, 2019|FPI in the News, New York State|

Media Roundup: The New Hope Budget Goes On Tour, Stops in Saratoga Springs, Port Jervis, and Binghamton, and Calls for State Reforms

February 21, 2018. The New Hope Budget coalition is a group of advocates across the state calling on lawmakers to adopt a "morally responsible" state budget that addresses the ever-widening gap between the "haves and have-nots." The coalition calls for taxing the wealthy, raising the two percent state spending cap, reducing local property taxes, and campaign finance reform among other socioeconomic issues. The coalition is currently on a 13-stop statewide tour, meeting with community members and state legislatures. This week, the group was in Saratoga Springs, [...]

2021-01-06T09:43:48-05:00February 21st, 2019|FPI in the News, NYS Budget|

New Hope Budget Tour: Coalition Visits Ithaca to Build Support for a Just State Budget

February 21, 2019. Continuing on their 13 stop tour across New York, the New Hope Budget advocates stopped in Ithaca to discuss a state budget that levels the playing field for all New Yorkers. "A budget is a moral document when you think about it. A budget is about priorities," Ron Deutsch, executive director of the Fiscal Policy Institute, said to an audience including Tompkins County legislators and members of various political, labor and religious organizations. Find the article about the stop in Ithaca at the [...]

2021-01-06T09:43:34-05:00February 21st, 2019|FPI in the News, NYS Budget|

Media Roundup: Patriotic Millionaires and Advocates Call Upon State to Raise Revenues from the Wealthy to Support Critical Services

January 14, 2019. On February 12th, 2019, the Patriotic Millionaires joined several organizations from across the state, including the Fiscal Policy Institute, outside the Joint Legislative Hearing on Taxes in in the Legislative Office Building in Albany to urge New York's elected officials to raise additional revenues by asking the wealthiest New Yorkers to pay a little more. The press event was featured in several media outlets, which are listed below. New York Nonprofit Media: Several nonprofits appeared at the state Capitol Feb. 12 to advocate for higher [...]

2021-01-06T09:37:50-05:00February 15th, 2019|Blog, New York State|

Press Release: Patriotic Millionaires and Advocates Call Upon State to Raise Revenues from the Wealthy to Support Critical Services

For Immediate Release: February 12, 2019   Media Contact: Peter Cook, Executive Director, New York State Council of Churches - 508.380.8289 Ron Deutsch, Executive Director, FPI - 518.469.6769 Michael Kink, Executive Director, Strong Economy for All Coalition 518.527.2787 Sam Quigley, Communications Director, Patriotic Millionaires 202.446.0489   Patriotic Millionaires and Advocates Call Upon State to Raise Revenues from the Wealthy to Support Critical Services Albany, NY.  Patriotic Millionaires Chairman Morris Pearl joined numerous organizations from across the state outside the Joint Legislative Hearing on Taxes, to urge [...]

2021-01-06T09:36:32-05:00February 12th, 2019|NYS Budget, Press releases|

New York’s Pathway to Shared Prosperity: Economic and Fiscal Outlook for FY 2020

February 12th, 2019.  The Fiscal Policy Institute released its 29th annual New York State budget briefing book, New York's Pathway to Shared Prosperity: Economic and Fiscal Outlook for FY 2020. FPI's budget briefing book analyzes the Governor's FY 2020 Executive Budget and makes policy recommendations that would benefit all New Yorkers in the areas of taxes, human services, immigration, education, and more.   You can find the sections of the report below: Policy Recommendations Financial Plan and Income Inequality Local Government Economic Development Human [...]

2021-01-06T09:35:30-05:00February 12th, 2019|Blog, NYS Budget|

Support For a Pied-à-Terre Tax in NYC Grows After $240M Penthouse Sale

February 11, 2019. Last month, billionaire Ken Griffith closed on a penthouse at 220 Central Park South for over $239 million, making it the most expensive home ever sold in the United States. Griffin, the founder of the hedge fund Citadel, said he will not use the pricey pad as a primary residence, but instead as “a place to stay when he’s in town.” The staggering sale has renewed support from public officials for a pied-à-terre tax, which would place a yearly surcharge on homes worth $5 million and up, and [...]

2021-01-06T09:34:40-05:00February 11th, 2019|FPI in the News, NYS Tax Policy|

Pied-à-terre Tax Resurfaces Amid 220 Central Park South Purchase

February 6th, 2019. Billionaire Ken Griffin’s record-breaking purchase for $238 million of the penthouse at 220 Central Park South, a super-tall building designed by Robert A.M. Stern in Midtown, is prompting a newfound push for the introduction of a pied-à-terre tax. According to Mark Levine, the council member for District 7 in Manhattan, the tax would be a small surcharge on second homes valued at $5 million or more. Advocates of the tax cite a 2014 report by the Fiscal Policy Institute, which says the proposed tax [...]

2021-01-06T09:35:00-05:00February 6th, 2019|FPI in the News, NYS Tax Policy|

Letter: Research Shows Higher Minimum Wage Good for Jobs

February 1, 2019. In a short rebuttal in regards to the minimum wage and whether it will negatively impact businesses, the author cites several studies that support the economic viability of enacting a higher minimum wage. In one research study, Dube, Lester, and Reich in a study “Minimum Wage Effect Across State Borders,” studied the effect of one state raising minimum wages while a bordering state did not raise its minimum wages and found no adverse effect on employment. A study by the Fiscal Policy Institute [...]

After $238M Condo Sale, Calls for Pied-à-Terre Tax Are Renewed

February 1, 2019. Hedge funder Ken Griffin, who owns pricey properties in several other cities, snagged the most expensive apartment in not just New York City, but the entire country—but he reportedly doesn’t even plan to use the home as his primary residence. The sale prompted several elected officials to renew calls for a pied-à-Terre tax for secondary properties in New York City. Senator Brad Hoylman first proposed such a tax in the state legislature in 2014, after a report from the Fiscal Policy Institute noted that a graduated tax of [...]

2019-02-19T10:05:01-05:00February 1st, 2019|FPI in the News|

After ‘Grotesque’ $238 Million Penthouse Sale, Calls For ‘Pied-A-Terre Tax’ Intensify

January 30, 2019. Hedge funder Ken Griffin, who owns pricey properties in several other cities, snagged the most expensive apartment in not just New York City, but the entire country—but he reportedly doesn’t even plan to use the home as his primary residence. The sale prompted several elected officials to renew calls for a pied-à-Terre tax for secondary properties in New York City. The pied-à-terre tax is not a new concept. Back in 2014, state Senator Brad Hoylman drafted a bill based on a proposal by the Fiscal Policy Institute that [...]

2019-02-19T10:59:13-05:00January 30th, 2019|FPI in the News|

Renewed Push for Driver’s Licenses for Undocumented Immigrants Comes Amid Political Change

January 30, 2019. With Democrats holding a commanding majority in the state Senate and Assembly, New York immigration advocates see a clear path to passing legislation that would allow undocumented immigrants to apply for driver's licenses. Approximately 92,000 undocumented immigrants over age 16 in the Lower Hudson Valley, according to the Fiscal Policy Institute, a union-backed think tank in Albany. Find the article at lohud.

2019-02-19T10:39:02-05:00January 30th, 2019|FPI in the News|
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