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Another View on Mayor de Blasio’s FY 2015 New York City Executive Budget

May 9, 2014. Understandably, much of the commentary on Mayor de Blasio’s FY 2015 Executive Budget has dealt with the financial impact of the recent UFT contract if applied across the entire 350,000-person unionized city workforce. It is, afterall, by far the most significant labor deal in City history, potentially affecting the entire workforce for 7 years, and 150,000 of those workers for an additional two years going back to 2009 and 2010. Some observers can’t quite grasp that Bill de Blasio pulled that off, [...]

Anthony Troia2020-10-27T13:08:49-04:00May 9th, 2014|Blog, State Budget, Tax & Budget|

The Significance of the TWU and UFT Labor Contracts

May 7, 2014. This commentary by FPI’s James Parrott on the new New York City labor contracts was requested by CUNY’s Joseph S. Murphy Institute and appears on their new blog. For the first time in nearly five years, major labor agreements were recently reached covering public sector workers in New York City. On April 17, Transport Workers Union (TWU) Local 100 concluded a new 5-year contract dating from January 2012 covering 34,000 workers at the Metropolitan Transportation Authority (MTA), most of whom work for [...]

Anthony Troia2020-10-27T13:08:49-04:00May 7th, 2014|Blog, State Budget|

Thank you!

Thank you for honoring Frank. You will receive an email confirming your purchase. If you have any questions, please contact Bryan LaVigne at 518-786-3156 or blavigne@fiscalpolicy.org

Anthony Troia2014-02-28T15:40:23-05:00February 28th, 2014|Blog|

New report confirms New York’s profound income polarization

February 19, 2014. A new report from the Economic Analysis and Research Network (EARN) that presents data on income distribution trends for all 50 states from 1917-2011, confirms an analysis of income trends in New York that the Fiscal Policy Institute initially published in 2010. The report, by economists Estelle Sommeiller and Mark Price, builds on a groundbreaking study by economists Thomas Piketty and Emmanual Saez in 2003 that used data from income tax returns to document rising inequality in the United States since World [...]

Anthony Troia2020-11-13T14:27:57-05:00February 19th, 2014|Blog, Labor Market & Workforce|

Statement on Governor Cuomo’s Tax Proposals

January 6, 2014. Governor Cuomo in unveiling his tax proposals today has identified a key issue in growing the state’s economy—reducing the property tax burden on New Yorkers, and we agree. The Fiscal Policy Institute has long proposed a circuit breaker as a solution to the burden of high property taxes on moderate and lower income families and to ensure that retirees are not forced out of their homes. What the governor could have added is that creating strong, stable, middle class neighborhoods promotes a [...]

Anthony Troia2014-01-20T13:28:12-05:00January 6th, 2014|Blog, City Budget, Tax Policy|

Statement on the Solomon/McCall Tax Reform and Fairness Commission Report

November 14, 2013. Statement from Ron Deutsch, Executive Director, New Yorkers for Fiscal Fairness, and Frank Mauro, Executive Director, Fiscal Policy Institute. Any discussion of fair taxation in New York must acknowledge that our state has the greatest income inequality in the nation and that our tax system is partially to blame. We are experiencing record child poverty rates and levels of hunger and homelessness that are unprecedented. Too many of our residents are suffering and struggling to make ends meet and today’s report by [...]

Anthony Troia2013-11-18T07:44:53-05:00November 14th, 2013|Blog, City Budget, Tax & Budget, Tax Policy|

Media coverage of FPI’s research on inequality during the NYC mayoral campaign

October 9, 2013. Income inequality has emerged as a major issue in the 2013 New York City mayoral campaign, and media coverage has frequently included mention of FPI’s research on income polarization. FPI’s work featured prominently in a special issue of The Nation devoted to The Gilded City in April, with several graphics based on FPI’s research. The lead article in The Nation’s special issue featured FPI’s latest estimates of the share of income in New York State and City going to the wealthiest 1% [...]

Anthony Troia2020-11-13T14:27:58-05:00October 9th, 2013|Blog, Economic Trends & Policy, Labor Market & Workforce|

While Some Improvement Crept in during 2012, NYC’s Family Incomes and Poverty Status are Still Much Worse than before the Recession

September 20, 2014. The latest data from the Census Bureau for 2012 show that while NYC median family incomes and poverty stabilized last year, we are still a very long way from undoing the deterioration caused by the 2008-09 recession. Most NYC families have been battered by the recession and the historically weak recovery. Adjusted for inflation, median family incomes dipped slightly in 2012 (but not significantly) and are $3,800 or 6.5% below the 2008 level. Nationally, inflation-adjusted median family incomes dropped by $5,000 or [...]

Anthony Troia2020-11-13T14:27:58-05:00September 20th, 2013|Blog, Economic Trends & Policy, Labor Market & Workforce|

Children in upstate cities are the losers as poverty remains high in New York

September 19, 2013. Poverty remained high at 16 percent and incomes stagnant in New York last year, showing the continuing pain of the recession and underscoring the need for New York to do more to help struggling people and give them the tools to lift themselves out of poverty. Over 3 million people in New York lived under the federal poverty level in 2012 when no statistically significant change in the overall poverty rate occurred from 2011, according to new Census Bureau data released today. [...]

Anthony Troia2020-11-13T14:27:58-05:00September 19th, 2013|Blog, Economic Trends & Policy, Labor Market & Workforce|

Family Poverty in New York State

September 19, 2013. The statewide family poverty rate (i.e., the percentage of families with incomes below the poverty level) in New York State was virtually the same in 2012 (12.2%) as in 2011 (12.3%). These poverty rates were greater, to a statistically significant degree, than New York State’s family poverty rate of 10.3% in 2007, the year before the onset of the Great Recession in December 2007 nationally and in New York State in the Spring of 2008. The statewide family poverty rate of 12.2%, [...]

Anthony Troia2020-11-13T14:27:58-05:00September 19th, 2013|Blog, Economic Trends & Policy, Labor Market & Workforce|

New Report Models Immigration Reform’s Effect on State and Local Taxes

July 10, 2013. This morning, the Institute on Economic and Tax Policy (ITEP) released a report that estimates that unauthorized immigrants currently pay $744 million in state and local taxes in New York State, a number that would increase to $968 million if these same immigrants were granted legal status. The share of family income paid in state and local taxes would increase from 7.1 percent to 8.4 percent. In this new report, ITEP takes an analysis it first did for the Fiscal Policy Institute’s [...]

Anthony Troia2013-07-10T08:58:58-04:00July 10th, 2013|Blog, Migration|

Search for a new FPI executive director

July 1, 2013. The Fiscal Policy Institute seeks an Executive Director to build on an exceptional twenty-two year record of providing high quality research, analysis, and coalition building in support of progressive fiscal and economic policies that benefit all New Yorkers. The Executive Director, based in Albany, New York, will be responsible for overall leadership of the organization, as well as leading, coordinating, and implementing its tax, budget and policy analysis work. The ED will oversee a staff currently consisting of 6-8 people, be a [...]

Anthony Troia2013-08-20T14:11:39-04:00July 1st, 2013|Blog|