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So far Anthony Troia has created 1204 blog entries.

The American Rescue Plan and the New York State Budget

The year 2021 began under the threat of a historic state budget shortfall of $15 billion. Compounded by municipal and county-level fiscal stress, it imperiled funding for public services and employees – a terrible risk as New York continued to experience the social, emotional, and fiscal impacts from the pandemic. The governor’s proposed Executive Budget featured an “if-then” scenario that reflected a minimum level of $6 billion in federal aid and assumed a remaining $9 billion difference. At the same time, the governor requested $15 [...]

EITC Helps Workers, Their Families, Communities and the State

Our state’s Earned Income Tax Credit (EITC) is a proven program that working New Yorkers rely on. The EITC keeps more money in workers’ pockets, providing more money to spend on essentials like food, transportation, housing, education, and child care. The EITC provides critical support for workers, their families, local economies, and the state! Before the pandemic, far too many New Yorkers were unable to earn a stable and sufficient income through work. This problem persisted despite the recent increases to our state’s minimum wage. [...]

2021-03-04T16:51:38-05:00March 4th, 2021|Blog, NYS Tax Policy, Tax & Budget|

FPI Testifies Before Join Legislative Budget Hearing on Taxes

FOR IMMEDIATE RELEASE: February 23, 2020 Media Contact: communications@fiscalpolicy.org, 518-786-3156 Fiscal Policy Institute's Recommendations for the FY 2022 State Budget (Albany, NY) Today the Fiscal Policy Institute (FPI) testified before the Joint Legislative Budget Hearing on taxes. FPI urges a bold vision in crafting the FY 2022 state budget, recommending progressive tax policies so that all New Yorkers can grow, prosper, and build a foundation for the future. The video replaces FPI's annual in-person budget presentation. Statement from Dr. Jonas Shaende, Chief Economist: “This year’s [...]

Public Testimony Integral to New York’s State Budget Process

New York State’s constitution requires the governor to provide the state legislature with a yearly balanced budget proposal including the necessary appropriation bills and legislation. The Legislature reviews the proposed executive budget and offers changes or modifications and enacts the state budget. As is customary, Governor Cuomo presented his proposed Executive Budget for FY 21-22 in January which was followed by a review and analysis from both legislative houses. The Assembly Ways and Means Committee’s Review and Analysis of the 2021-22 Executive Budget is known [...]

Economists Push Biden On Path To Citizenship For Undocumented Immigrants

FPI joined a letter from economists urging the Biden Administration this week to include a pathway to citizenship for undocumented immigrants in upcoming legislation. The letter highlighted that such an action would benefit the nation as a whole. Benefits would include increasing jobs, productivity, boost wages, and tax revenue. The group of more than 60 signatories includes former Obama economic advisor Jason Furman, Eileen Appelbaum of the Center for Economic and Policy Research and David Kallick of the Fiscal Policy Institute. Read the Forbes article [...]

Biden Urged to Legalize Migrants as Part of Infrastructure Plan

FPI joined with more than 60 economists to urge President Biden to create a path to citizenship for undocumented immigrants in the soon-to-be-released economic and infrastructure plan. Such an action not only benefits those individuals, but the experts also explain that this action would help our economy by raising wages and increasing productivity and tax revenue. The economists, including President Barack Obama’s former top economist Jason Furman and David Kallick of the Fiscal Policy Institute, which champions liberal economic policies, made the proposal in a [...]

Memo of Support: S.537/A.2533 (EITC)

Memorandum of Support S.537 (Kaplan)/A.2533 (Fahy) Provides for the advance payment of the earned income tax credit to qualifying employees.  The Fiscal Policy Institute (FPI) supports S.537/A.2533 to help create a more equitable state tax code for working New Yorkers.  This legislation would update New York State’s Earned Income Tax Credit (EITC) to address the economic needs of New York State residents who work part-time and who work for low wages. Throughout the state, hundreds of thousands of workers are unable to claim the credit due to exclusions in the [...]

2021-02-10T20:18:39-05:00February 10th, 2021|NYS Tax Policy, Tax & Budget|

New York’s Pandemic State Budget: Recovering and Reimagining

FOR IMMEDIATE RELEASE: February 10, 2020 Media Contact: communications@fiscalpolicy.org, 518-786-3156 ***VIDEO link below***   New York's Pandemic State Budget: Recovering and Reimagining  Fiscal Policy Institute's Recommendations for the FY 2022 State Budget    Read the report: "Economic and Fiscal Outlook 2022: New York Recovering and Reimagining"  Watch the video: Fiscal Policy Institute's Annual State Budget Presentation 2021 (Albany, NY) Today the Fiscal Policy Institute (FPI) released a 30-minute video highlighting its report "New York State's Pandemic Budget: Recovering and Reimagining." FPI urges a bold vision in crafting the FY [...]

FPI’s Presentation on the Proposed Executive Budget for FY 2022

Our state budget helps determine the future for every New Yorker. This year the stakes are exceptionally high as the pandemic continues to imperil our health and financial well-being. Will the choices we make crafting our state budget reduce inequality, or will the gap continue to widen? FPI took a look at the proposed New York State Executive Budget and offered actions to create a more just New York for all.  Watch our 30-minute video overview and read the report "Economic and Fiscal Outlook 2022: New York Recovering and Reimagining" to learn more.   [...]

Military Coup in Myanmar Reverberates in California, Indiana, New York, and Texas

Over the past week, the military in Myanmar, the country also known as Burma, overthrew the democratically elected government and arrested the top civilian leaders. The United States state department condemned the action, saying “the military must reverse these actions immediately.” These actions are being watched closely, and in horror, by Burmese communities in the United States. To help understand what this means in Burmese communities in the United States, the Fiscal Policy Institute presents here data showing that of the 151,000 people born in [...]

2021-02-05T14:24:49-05:00February 5th, 2021|Blog, Immigration, New York State, Other States & National|

Concrete Gains for New Yorkers from Federal Immigration Proposal

FOR IMMEDIATE RELEASE: February 1, 2021 Media Contact: communications@fiscalpolicy.org, 518-786-3156 Concrete Gains for New Yorkers from Federal Immigration Proposal Removing Barriers for Immigrants Boosts Earnings and Tax Revenue Read the report:  A Pathway to Citizenship: Doing Well by Doing Good (Albany, NY) A new report by the Fiscal Policy Institute (FPI) in conjunction with the Institute for Taxation and Economic Policy (ITEP) shows the ways New York State would benefit if undocumented immigrants could gain work authorization and apply for citizenship, as is being proposed [...]

Arts Central to New York City’s Recovery

As New York looks to restart our economic engine after the pandemic, the arts and culture play a critical role, especially in New York City. Governor Cuomo underscored that connection in his State of the State and New York State budget announcements. "Cities are by definition centers of energy, entertainment, theatre, and cuisine. Without that activity and attraction, cities lose much of their appeal. What is a city without social, cultural, and creative synergies? New York City is not New York without Broadway.” The coronavirus [...]

2021-01-19T12:19:29-05:00January 19th, 2021|Blog, Economic Trends & Policy, NYS Budget|

Fiscal Policy Institute Reacts to Governor Cuomo’s State of the State

FOR IMMEDIATE RELEASE: January 11, 2020 Media Contact: communications@fiscalpolicy.org, 518-786-3156 (Albany, NY)  Today Governor Cuomo laid out his priorities at the beginning of the New York State 2021 legislative session. Statement from Jonas Shaende, Ph.D., Chief Economist "The 2021 state legislative session will be driven by the pandemic health crisis and economic hurdles. Governor Cuomo highlighted the federal government's role and responsibility to meet the full scope of COVID-19's health and fiscal challenges. That notwithstanding, our state government has a duty to meet all new Yorkers' needs, many of whom were struggling even before the pandemic. The need for immediate relief goes hand [...]

2021-03-31T14:53:44-04:00January 11th, 2021|Press Releases|

Taxes Fuel Our Communities

You may have heard that New York is a high-tax state. But what does that really mean?  If we concentrate solely on personal income taxes in 2019, California tops the list with the highest top rate of 13.3 percent. New York is in the ninth spot with its 8.82 percent.   California 13.3% Hawaii 11% Oregon 9.9% Minnesota 9.85% Iowa 8.98% New Jersey 8.97% Vermont 8.95% District of Columbia 8.95% New York 8.82% Wisconsin 7.65%   With New York needing to raise revenue to fund [...]

2021-01-11T17:54:07-05:00January 11th, 2021|Blog, NYS Tax Policy|

Long Island’s Immigrants are Integral for its Economic Recovery

County Executive Steve Bellone's editorial in the Long Island Press pointed out the contributions that immigrants make to the area, including the boost they provide to the economy. The Long Island immigrant community is a vital part of our workforce and economy as a whole, with more than half working in white-collar jobs as of 2015. Immigrants make up 18 percent of the combined population of Nassau and Suffolk counties, generating 20 percent of total economic output, according to the Fiscal Policy Institute. Learn more [...]

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