Blog Archives - Page 4 of 22 - Fiscal Policy Institute

Unemployed Workers Set to Lose Federal Pandemic Unemployment Compensation

Unemployed New Yorkers are scheduled to receive their final Federal Pandemic Unemployment Compensation (FPUC) checks on July 26, 2020. FPUC was enacted as part of the CARES Act and the legislation set FPUC’s expiration for the end of July. The unemployment insurance (UI) expansions included in the CARES Act were quick and appropriate responses to the economic fallout of the coronavirus pandemic. The expansions were intended to help tens of millions of workers across the nation who were laid off due to mandatory business shutdowns [...]

Anthony Troia2020-12-30T10:06:58-05:00July 20th, 2020|Blog, Labor Market & Workforce, Reports, Briefs and Presentations|

Federal Funding is Essential to Health Care Coverage for New Yorkers

Strengthening Medicaid and protecting health coverage for New Yorkers is critical to ensuring that our state can respond effectively to the coronavirus public health crisis and the current economic recession. The Urban Institute has projected that Medicaid caseloads could increase by as much as 1,204,000, or 22.5 percent, through FY 2021—an unprecedented spike. New York needs help to cover those who are newly unemployed and expected to enroll in Medicaid and offset extra Medicaid costs related to coronavirus. Without proper funding, the state will be [...]

Anthony Troia2020-12-30T10:07:31-05:00June 20th, 2020|Blog, Fact Sheets, Healthcare|

Legislators Unite for People-Centered Recovery with Statement of Principles

Over 100 New York State Senate and Assembly members, along with statewide unions, the Fiscal Policy Institute, and the Strong Economy for All Coalition, called for no state budget cuts without raising revenue. The coalition has released a signed statement of principles calling for a balanced state tax policy where everyone pays their fair share and a post-pandemic economic recovery plan centered on the best engine for recovery for individual New Yorkers and their communities. Read the full Statement of Principles here. Press Release: One [...]

Anthony Troia2021-02-01T15:28:28-05:00June 18th, 2020|Blog, Must Read|

The Fiscal Policy Institute’s Three-Point Plan for Re-Building New York

May 27, 2020. The Fiscal Policy Institute today warned state legislators and the governor that New York’s financial and social woes will only worsen if they attempt to return to an austerity budget model. The pandemic's public health crisis and subsequent economic downturn deepened an existing budget shortfall and with the deficit projected to be at least $13 billion, the state faces an extraordinary fiscal challenge. There is no simple solution to this crisis which will require bold innovation from our state leadership. Read the Policy Paper: Minimizing Risks While Maximizing Our State's Potential [...]

Anthony Troia2021-02-01T15:29:40-05:00June 15th, 2020|Blog, Economic Outlook, Must Read|

Unemployed Workers Set to Lose Federal Pandemic Unemployment Compensation

Anthony Troia2020-10-27T13:00:26-04:00June 13th, 2020|Blog|

New York’s Public Sector Workforce Threatened by Lack of Federal Aid

New York’s public sector workforce is comprised of many of our state’s essential workers: nurses, teachers, firefighters, personal care aides, childcare workers, and more. In total, 24 major occupational groups – defined as having 10,000 or more workers – are part of the sector. A recent economic news release from BLS indicates that over 100,000 public sector workers in New York were laid off from their jobs between February and May of 2020 due to the Coronavirus pandemic and declining state revenues. Characteristics of New [...]

Anthony Troia2020-12-30T13:37:56-05:00June 13th, 2020|Blog, Fact Sheets, Labor Market & Workforce|

Local Government Reliance on Fines and Fees to Raise Revenues Hurts Residents and Communities

Across New York State, fines and associated fees are relied upon by local governments as a source of local revenue. Decreased aid from the state coupled with the 2-percent property tax cap, which was enacted in 2011 and restricts annual property tax increases to the lesser of 2-percent or the rate of inflation, has led to decreased revenues for local jurisdictions. To make up for budget shortfalls - which have worsened during COVID-19 - local governments may be tempted to raise additional revenue through fines [...]

Anthony Troia2021-03-23T09:42:05-04:00June 10th, 2020|Blog, Reports, Briefs and Presentations|

Refugee Resettlement Agencies Are Providing Essential Services During COVID-19

Now more than ever, refugee resettlement agencies are providing essential services to refugees and also to a number of other community members, to help protect everyone during the COVID-19 pandemic. Prior to the pandemic, the Fiscal Policy Institute showed how refugee resettlement agencies are anchor institutions in their communities, providing services for some of the most vulnerable community members, jobs for local residents, and a productive use for buildings that in some cases might otherwise be vacant. The importance that refugee resettlement agencies have to [...]

Anthony Troia2021-02-01T15:35:36-05:00June 1st, 2020|Blog, Must Read|

1.2 Million New Yorkers Excluded from the CARES Act

Undocumented immigrants are being affected by COVID-19 like all other New Yorkers, but unlike others they are being systematically excluded from federal economic assistance programs. The $2 trillion Coronavirus Aid, Relief, and Economic Security (CARES) Act included financial support for many families and businesses through this difficult period. But, despite the efforts of some members of Congress, the CARES Act very specifically excluded undocumented immigrants, and in some cases as collateral damage they excluded the children and spouses of undocumented immigrants, even if they [...]

Anthony Troia2020-12-30T13:39:56-05:00May 19th, 2020|Blog|

Strengthen Medicaid and Protect Health Coverage for New Yorkers

May 20, 2020 This time last year, New York celebrated its lowest rate of residents without health insurance to date at 5 percent. A historic low that is a continuation of nearly a decade of decline in people who lack health insurance, this record-breaking success set New York apart from the national trend of rising uninsured rates. The public health and economic crisis caused by the COVID-19 pandemic threatens past success in reducing the rate of the uninsured in New York State. We must strengthen [...]

Anthony Troia2020-12-30T13:40:32-05:00May 15th, 2020|Blog, Healthcare, Reports, Briefs and Presentations|

Unemployment Insurance Taxes Paid for Undocumented Workers in NYS

May 14, 2020 In the midst of a pandemic, there has been a growing call for undocumented immigrants, who make up five percent of the New York State labor force, to be covered by some form of unemployment insurance. What is often overlooked in discussions of unemployment insurance is the extent to which undocumented immigrants are already part of paying into the existing system, even when they are excluded from collecting benefits. Undocumented immigrants face the same challenges as other workers. It does not serve [...]

Anthony Troia2021-04-06T09:48:24-04:00May 13th, 2020|Blog, Healthcare, Labor Market & Workforce, Migration, Reports, Briefs and Presentations|

New York’s Unemployment System Depends on Continued Federal Assistance

May 11, 2020 Following the Great Recession, New York's Unemployment Insurance Trust Fund only achieved a positive fund balance for the first time in fiscal year 2016. On January 1, 2020, the balance stood at $2.65 billion, but the fund was nearing insolvency according to a report by the U.S. Department of Labor. Since the COVID-19 pandemic mitigation began eight weeks ago, over 1.7 million New York residents have filed for unemployment, which is roughly 5 percent of the nation’s total filings and represents more [...]

Anthony Troia2023-02-06T20:16:47-05:00May 11th, 2020|Blog, Economic Outlook, Labor Market & Workforce, Must Read, Reports, Briefs and Presentations|

New York Can Do More for All New Yorkers, Regardless of Immigration Status, Amid the COVID-19 Pandemic

April 29, 2020. In response to the economic and health hardships that the COVID-19 pandemic has created for individuals and families, state and federal governments have created relief programs to provide financial, safety and medical assistance. However, these relief programs do not apply to everyone. Many programs exclude undocumented immigrants who have also been laid off from jobs due to nonessential business closures. Undocumented immigrants are also experiencing the same financial and health hardships that the rest of us experience, which warrants the need for [...]

Anthony Troia2020-12-30T13:57:13-05:00April 29th, 2020|Blog, Must Read|

Undocumented and Unemployed

Orders for non-essential workers to stay at home and the ripple effects of the coronavirus have been felt throughout the New York economy. Over one million New Yorkers have filed for unemployment insurance since the middle of March when the coronavirus impact was first felt. Yet, one group is left behind by both the state’s existing unemployment insurance system and the federal government’s temporary enhancements to that system: undocumented immigrants. There are an estimated 530,000 undocumented immigrants in the New York State labor force. They [...]

Anthony Troia2021-02-24T10:28:05-05:00April 20th, 2020|Blog, Migration, Must Read|

Fines and Fees: Raising Revenue at the Community’s Expense

As New York State looks toward restarting the economy in the wake of COVID-19, a new report from the Fiscal Policy Institute (FPI) warns local governments not to rush to build revenue through the use of fines and fees – a long-standing, inequitable source of funding primarily drawn from low-income communities and communities of color. Between 2010 and 2017, 31 city governments, out of 62, in New York State reported an increase in expected fine revenue in their annual budgets, with a median increase of [...]

Anthony Troia2020-12-30T13:59:11-05:00April 17th, 2020|Blog, Must Read, Reports, Briefs and Presentations|