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 a more economically precarious position. Undocumented women are triply impacted by the COVID pandemic: as [...]
A Tax Credit for Working New Yorkers
New York 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 is a 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. Then COVID struck and the pandemic’s economic disproportionately affected our state’s part-time, hourly, [...]
A Tax Credit for New York State Workers Hit Hardest by the Pandemic
Our state's Earned Income Tax Credit (EITC) keeps more money in workers' pockets, helping them pay for essentials including food, transportation, housing, education, and child care, as well as cover extra expenses. This tax credit is even more beneficial during the pandemic. The New York State Assembly's FY 2022 One-House Budget Proposal includes expanding the state EITC from 30 percent of the federal credit to 40 percent of the federal credit beginning in Tax Year 2021. That is a 25 percent increase to the maximum credit amounts – which means more than a million New York workers can keep even [...]
Unemployment Compensation for Excluded Workers: $3.5 Billion Needed for 2020 and 2021
The New York State Assembly and Senate both support creating a fund to provide unemployment insurance to workers who are excluded from the unemployment insurance system, primarily undocumented immigrants and people leaving incarceration during the Covid-19 pandemic. Both houses included $2.1 billion in their one-house budgets this week, the starting points for negotiating the final state budget. This is an impressive commitment to a critical priority. However, matching the minimum level of benefits that other unemployed New Yorkers receive and extending the aid through the end of 2021 would require $3.5 billion: $3.4 billion in aid, and $110 million for [...]
Coronavirus Fiscal Recovery Funds: New York State Allocation by County, 2021
The American Rescue Plan Act of 2021 includes $350 billion in aid for the purpose of alleviating the fiscal stress caused by the COVID-19 pandemic. New York is estimated to receive a total of $24 billion, or seven percent of these coronavirus relief funds. Specifically, $13 billion has been allocated for the New York State government, $6 billion for metropolitan cities, $4 billion for counties, $825 million for local governments, and $350 million for state capital projects. These Coronavirus recovery funds can be used to offset the pandemic’s impact on their revenues, pay government employees, fund capital projects, and to [...]
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 billion from Congress in hopes that the entire amount would arrive and eliminate the need [...]
Legal Status for Undocumented Essential Workers: New York Gains
The Biden-Harris administration is being urged to grant legal status to the roughly 5 million undocumented immigrants in the United States who served as essential workers during the Covid pandemic. This is simply the right thing to do for people who have lived in this country for years and served heroically during a time of need. In this case, doing the right thing would also have economic benefits for immigrants who would newly have work authorization and for government revenues that would increase as well. A letter signed by over 60 experts, including me, explained what the economic benefits to [...]
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. Then COVID struck and the pandemic’s economic impact disproportionately affected our state’s part-time, hourly, and [...]
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 as the “Yellow Book” due to the color of its cover and the Senate Finance [...]
After the Applause: Legal Status for Essential Workers
In the throes of the Covid-19 pandemic last spring, Americans embraced a new concept: Essential Workers. In many areas, we applauded for them every night at 7pm: they kept us going through this difficult period, and we knew they were taking a risk to their own health in doing it. We also knew that many of those workers are undocumented. In recognition of the service they provided to this country during a time of crisis, congress and the president should act today to give those undocumented essential workers legal status as part of the COVID pandemic relief package. A letter [...]
NYS Enhanced Services for Refugees: Now Is the Time to Expand
The New York State Enhanced Services to Refugees Program (NYSESRP) began in 2017 as a response to the federal government’s retreat from refugee resettlement. New York State was first in the nation to provide state funding to support refugee integration, a valuable investment in the refugees and asylees who call New York home. New York for Refugees—a coalition of refugee serving agencies, the Fiscal Policy Institute and the New York Immigration Coalition—seeks $5 million in the 2021 budget to expand NYSESRP and grow support for the integration of refugees and asylees into our communities. Click here for a 2-page brief [...]
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 Burma in the United States, roughly half live in just four states: California, Indiana, New [...]
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 hit the city hard, causing a massive health crisis and an economic disruption due to [...]
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 by reading FPI's report "New Americans on Long Island" and more from our Immigration Initiative.
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 naturalized citizens, green card holders, and undocumented immigrants, had a higher unemployment rate (11 percent) [...]
Tax Revenue Keeps States Running
December 21, 2020 New York, like every other state, relies on tax revenue to provide stable funding for necessary public services. The COVID-19 pandemic has been particularly damaging to the state and local governments’ budgets as the necessary mitigation measures have continued to curtail business activity, which in turn depressed tax revenues. Among the most impacted industries are hospitality, tourism, and leisure sectors that employ many low-skilled and immigrant workers. When many workers permanently lose their jobs, the impact is both local and statewide. As people start having difficulties paying for essentials locally, their families suffer, and the whole community [...]
New York State’s Tenants Need Immediate Relief
December 2020 The coronavirus pandemic has exacerbated New York State’s affordable housing crisis. This year’s high unemployment has most affected our state’s minimum wage workers and gig economy workers and has intersected with our state’s lack of safe, decent, and affordable rentals, particularly for those earning at or below 50 percent of the Area Median Income (AMI). To help struggling renters and protect public health, the state legislature passed the Emergency Rent Relief Act of 2020 on May 28, 2020. It created a $100 million COVID Rent Relief program. However, only $40 million was awarded through the program administered by [...]
Cuts to Employment in the State and Local Public Sector will Disproportionately Harm Women and Black Workers
Governor Cuomo supports reducing state spending citing revenue shortfalls that have been fueled by the economic recession that followed the COVID-19 pandemic. Reduced or eliminated state funding could mean losing public sector jobs that employ workers in communities statewide. This loss would disproportionately impact women and Black workers who constitute the majority of public sector employees. Historically, the public sector has been an essential employer for women and people of color. Public sector employment has offered a stable path into the middle class with regulated pay requirements, health benefits, and a pension. Losing a public sector job in a pandemic [...]
Recognizing the 10th Anniversary of the Domestic Workers’ Bill of Rights
The Fiscal Policy Institute was honored to be part of the New York State chapter of the National Domestic Workers Alliance celebration of the 10th anniversary of the Domestic Workers’ Bill of Rights on Saturday, December 12th. The NDWA is a strong voice for domestic workers across the nation. Domestic workers provide essential work within our homes, from child-care and caregiving to keeping our homes clean and functioning. The majority of domestic workers are women, mostly immigrants, and women of color. FPI will be releasing a report in January, but our preliminary data is available in three factsheets: Domestic Workers: [...]
What Does the December Jobs Report Mean for New Yorkers?
December 2020 The monthly jobs report from the U.S. Department of Labor reflected the pandemic’s continuing impact on the job market and the economy. A triad of trouble included job growth remaining slow for the fifth straight month, employers scaling back hiring last month, and a stubbornly high unemployment rate of 6.7%, a slight decrease from October’s 6.9% New York State’s latest jobs report won’t be released until the end of December but looking at the last available report from October makes evident our state follows the same trend of job loss, high unemployment, and a slow job market. New York City was especially [...]
The Universal Burden of Education Debt
December 2020 What do you call a loan that has been obtained for the purpose of financing the costs of higher education? A student loan. However, considering the fastest-growing age segment of student loan borrowers are over the age of 60 and are not students themselves, perhaps there is a more suitable term that can be used–education debt. Much like auto debt, mortgages, and credit debt, the term education debt places emphasis on what the debt has been used for, instead of who has used it. Employing the term education debt allows us to paint a more accurate picture of [...]