October Cash Basis Report shows higher than expected Personal Income Tax receipts
The New York State Comptroller this week released its October 2022 cash basis report, which documents recent trends in state spending and revenue.
Inequality in New York & Options for Progressive Tax Reform
A new report from the Institute on Taxation and Economic Policy (ITEP) finds that New York State is home to the highest concentration of extreme wealth in the United States. New York State also has the greatest income inequality in the United States. In order to understand inequality, we need to look at both income and wealth. By both of these measures, New York is the most unequal state in the nation.
FPI Testifies to NYS Senate on Fines and Fees
FPI's Chief Economist, Jonas Shaende, was invited to testify before the New York State Senate Standing Committee on Codes and the New York State Senate Standing Committee on Crime Victims, Crime, and Corrections. Dr. Shaende spoke in support of the proposed S.3979C (Salazar)/A.2348B (Niou), the End Predatory Court Fees Act. Testimony: Full Text
Excluded Worker Fund Will Run Out of Money
October 7, 2021 (updated from October 4). The groundbreaking Excluded Worker Fund, which gives aid to people who are excluded from unemployment insurance benefits, has crossed the $1 billion mark, and stands at $1,148,078,400 as of October 4. That’s a huge benefit to workers - nearly all of them undocumented - in our state, and is helping people and local economies in all regions. Equally impressive: 99 percent of those who have been approved get $15,600, the higher of two benefit levels. This is designed to [...]
Some Regions Lag in Excluded Worker Fund
October 4, 2021. New York State’s historic Excluded Worker Fund has been helping undocumented immigrants and others who were left out of unemployment compensation during the pandemic. According to data provided by the New York State Department of Labor last week, the fund - as predicted - is having an important positive impact on all regions of the state. The most important benefit of the Excluded Worker Fund is helping workers and their families, but the infusion of money into the community helps local economies [...]
Millions of Dollars Help Immigrants and Boost the Local Economy Across NYS
Sept. 3, 2021. The first data is out: $250 million has already been issued to immigrants who lost work during the pandemic but were excluded from federal aid, and another $600 million is “undergoing final verification.” After just the first month, 50,000 people have already been found eligible, funds have been dispersed to over 10,000, and another 40,000 are in the final stages of the verification process. Equally impressive: 99 percent of those who have received the funds are approved for $15,600, the higher of [...]
Local Governments Across New York State Must Re‐examine Fine and Fee Revenue
Many local governments across New York State ‐ particularly small town and village governments ‐ rely on fine and fee revenue as part of their annual budget, with more than 30 towns and villages having a reliance of ten percent or greater on this type of revenue. Much of it is generated through Justice Courts which have jurisdiction over vehicle and traffic violations, evictions, small claims, and certain criminal offenses. Click here to read the full report: Local Governments Across New York State Must Re‐examine [...]
Economy Shows Improvement, but Employment Needs Time to Recover
Read the full report here: Economy Shows Improvement, but Employment Needs Time to Recover Several measures show signs of gradual improvement for New York residents as the state emerges from the covid-19 recession. One such indicator is the steep decline of new unemployment insurance claims, which had recently peaked in winter this year. Another such positive indicator is the continued gradual decrease in the statewide unemployment (U-3) rate, which peaked at 16.2 in April of 2020 as a result of pandemic-induced layoffs and business closures. The [...]
NY’s Excluded Worker Fund is a Model for Other States – CBPP and EPI
Two national groups put a spotlight on FPI's work with the Fund Excluded Worker Coalition that resulted in $2.1 billion toward allowing undocumented immigrants to get something like what others in New York got in unemployment benefits and stimulus payments. This was a historic victory that the Center on Budget and Policy Priorities and the Economic Policy Institute are encouraging other states to follow! CBPP: Whitney Tucker, Deputy Director of Research at the Center on Budget and Policy Priorities, pointed to the fund as a prime [...]
FPI’s Census 2020 Hindsight in Gotham Gazette
Shamier Settle, Policy Analyst with the Fiscal Policy Institute, wrote this article in the Gotham Gazette about the census count and what the numbers mean for New York. FPI started its census work in 2018 with this report, which estimates of how much funding community based organizations would need to conduct outreach for the census count in 2020. That same year FPI also began highlighting the importance of including investments in the census in the state budget. Through their participation on the steering committee of New York Counts 2020, [...]
New York State Fines and Fees Revenue Lacks Transparency, Obscures Economic Harms
New York State relies on fine, fee, and surcharge revenue to fund government operations- including the functions of the courts and state agencies providing criminal justice, public safety, and victim services. This funding is generated via a complex set of state statutes, including penal, vehicle and traffic, environmental conservation, judiciary, and finance laws and is spent through the General Fund and a bevy of State Special Revenue Funds. No one state government entity or agency is charged with comprehensively reporting on the imposition, collection, and [...]
FPI Testifies to Congress on Immigrant Businesses and Economic Recovery
The director of FPI's Immigration Research Initiative, David Dyssegaard Kallick, was invited to testify before the Congressional Small Business Committee about the role of immigrant businesses in the economic recovery after Covid. Kallick talked about two recovery scenarios: A Main Street-centered rebuilding that picks up on some innovations from the Covid period such as outdoor restaurants, expanded pedestrian areas, and bike paths that have transformed many downtowns and urban centers in very positive ways. This scenario would entail Main Streets as vibrant places where people [...]
State and Local Employment in New York, Cut in the Pandemic, Has Been Down for a Decade
Read the full report here: State and Local Employment in New York, Cut in the Pandemic, Has Been Down for a Decade State and local government employment is vital to our economy and our quality of life. State and local governments—and their employees—exist because New Yorkers have decided over generations that we need people who are dedicated and trained to teach our children, clean our streets, protect our communities, maintain our highways and bridges, and perform hundreds of other jobs. The number of public employees [...]
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 [...]
Make Care Work, Fair Work
FPI's Shamier Settle was interviewed on Equal Rights & Justice radio, WBAI 99.5 FM with Marrisa Senteno, Co-Director of the NY Chapter of the National Domestic Workers's Alliance. FPI's report, Domestic Workers are Essential Workers: By the Numbers in New York , was highlighted in this episode of Equal Rights and Justice with Mimi Rosenberg. Listen to the interview below.