NYS Budget

Cuomo’s $10B Economy ‘Boost’ Results in Broken Promises

July 15, 2018. Since the Governor took office in 2011, the spending for economic development has increased significantly with dubious results. Several projects, which include the $15 Central New York Film Hub outside Syracuse and the Buffalo Billion revitalization plan, among others, have failed considerably and only exposed the major corruption in New York state government. With the outcome of the bid-rigging trial of Alain Kaloyeros hanging over our state government and a failure to pass accountability and transparency legislation during the legislative session, it is suffice [...]

2021-01-06T12:11:42-05:00July 15th, 2018|FPI in the News, NYS Budget|

Lt. Governor Candidate Williams Lays Out Fiscal Plan

May 3, 2018. Jumaane Williams, the New York City councilman and progressive activist who's seeking to unseat Lt. Gov. Kathy Hochul in September's primary, wants the state to end Gov. Andrew Cuomo's 2 percent spending cap and increase taxes on the rich. Williams suggested a number of new taxes or fees targeting the state's wealthiest residents to generate an estimated $20 billion in new revenue to fund education, transportation, environmental remediation, public housing and health care. The Fiscal Policy has long pushed to increase taxes on [...]

2021-01-06T11:34:21-05:00May 3rd, 2018|FPI in the News, NYS Budget|

Nixon Opposes Cuomo’s 2% State Spending, Property Tax Caps

April 28, 2018. Newly endorsed Working Families Parties candidate for New York governor, Cynthia Nixon, discusses how the state's two percent spending cap and two percent spending property tax cap causes problems for education and government services. She says that the two percent spending cap shrinks the budget every year, causing major impacts to public education and local governments in the form of budget cuts. Frank Mauro, former executive director of the Fiscal Policy Institute, along with several other organizations, comments that the two percent cap [...]

2021-01-06T11:28:36-05:00April 28th, 2018|FPI in the News, NYS Budget|

Watchdog Groups Call for More Transparency to Economic Development

March 28, 2018. Good government groups are staying optimistic about getting the  "database of deals" included in the state budget to bring more transparency to economic development. Both one-house budget bills included some form of the database, which would track the companies getting tax breaks or other benefits, the number of jobs expected, and whether key benchmarks are being met. A lot of that information is already available, but only if you know where to look. And MRCH guests argue that the opaqueness of the [...]

As State Budget Deadline Nears, Some Items May Fall off the Table

March 27, 2018. A measure to crack down on sexual harassment in government and the private sector appeared to remain in the 2018-19 budget package on Monday, while several other high-profile initiatives may be put aside and addressed after the April 1 deadline, according to legislative staffers and others close to the budget talks. Also staying in place is a wide-ranging plan to allow employers to increase payroll taxes they pay – which would help employees deal with the new $10,000 limit on federal deductibility [...]

2021-01-06T11:23:23-05:00March 27th, 2018|FPI in the News, NYS Budget|

NYS Tax Reform for Fiscal 2019 – Let’s Take Our Time and Get It Right

Jonas J.N. Shaende, PhD, Fiscal Policy Institute March 26, 2018 Governor Cuomo released his 30-day amendments to the Executive Budget where he outlined his plan for the state’s tax system redesign in response to the tax changes at the federal level. The state legislature – both the Assembly and the Senate – reviewed the plan and supplied their respective amendments to the Executive Budget proposal. The direction taken by the governor is a good one, however, the set of solutions being discussed and the process [...]

2021-01-06T11:22:38-05:00March 26th, 2018|NYS Budget, NYS Tax Policy|

Watchdog Groups Call for the Governor and Legislature to Pass in the Budget a “Database of Deals” Making Business Subsidies Transparent

March 26, 2018. Reinvent Albany, Citizens Budget Commission and Fiscal Policy Institute today called for the Governor and Legislature to pass a “Database of Deals” in this year’s budget. Both houses’ budget bills included a “Database of Deals” (Part KK in A.9508-B and Part LLLL in S.7508-B ) that are very similar and largely track existing legislation introduced by Assembly member Robin Schimminger and Senator Thomas Croci (A.8175 and S.6613-B). A “Database of Deals” will list all state economic development benefits, including grants, loans or [...]

2018 State Budget Briefing in NYC

On Wednesday morning, February 28, 2018, the Fiscal Policy Institute will present its 28th annual budget briefing, co-sponsored by the Community Service Society, 633 Third Avenue - the forum will be held on the 16th floor in the Retro Report conference room. Light refreshments and check-in will begin at 9:00 a.m. Our presentation begins at 9:20 a.m. and ends at 10:30 a.m. We hope that you and/or your colleagues will be able to join us for what we are confident will be a useful and informative session. The briefing [...]

2021-01-06T11:14:30-05:00February 21st, 2018|Fact Sheets, NYS Budget|

New York State Economic and Fiscal Outlook FY 2019

February 15, 2018. In its 28th annual New York State budget briefing book, the Fiscal Policy Institute analyzes and comments on Governor Andrew Cuomo’s FY 2019 Executive Budget. The Trump Administration’s tax law, looming federal budget cuts, multi-billion-dollar state budget deficits, glaring unmet human and physical infrastructure needs throughout the state...this year’s New York State budget negotiations are taking shape against a worrisome and uncertain backdrop. The president and congress are threatening to dismantle decades-old federal entitlement programs, make drastic cuts to programs that help millions [...]

2021-01-06T11:12:45-05:00February 15th, 2018|Blog, NYS Budget|

2018 FPI State Budget Briefing in Albany

On Tuesday morning, February 13, 2018, the Fiscal Policy Institute will present its 28th annual budget briefing in Meeting Room 7 of the Empire State Plaza Convention Center. A complimentary breakfast and check-in will begin at 8:30 a.m. Our presentation begins at 9:00 a.m. and ends at 10:15 a.m. We hope that you and/or your colleagues will be able to join us for what we are confident will be a useful and informative session. You can RSVP online here. The briefing will examine various aspects of the governor’s Executive [...]

2021-01-06T11:04:21-05:00January 24th, 2018|Fact Sheets, NYS Budget|

In Cuomo’s Budget Address, What’s Left Out Says as Much as What’s Said

January 18, 2018. According to this article, experts say that Gov. Andrew Cuomo's budget address lacked  detail. As he did in the State of the State, the Governor laid out the case that New York is under attack from the new federal tax law, thanks to a controversial $10,000 cap on the state and local tax deduction that will hammer many high-income New Yorkers, yet critics and budget experts alike noted that the governor still didn’t explain how he would carry out all of the [...]

2021-01-06T10:59:41-05:00January 18th, 2018|FPI in the News, NYS Budget|

People’s State of the State Address Held in Albany

January 3, 2018. ALBANY - Ahead of the governor's State of the State, the people held their State of the State on Tuesday. The 29th annual rally was held at the State Street entrance to the Capitol in Albany. Organizers say they're worried about the new federal tax plan and massive budget cuts which could be on the horizon for the neediest New Yorkers. Organizations at Tuesday's rally say the governor and state lawmakers need to take action to protect those in need from federal cuts.   [...]

2021-01-06T10:58:07-05:00January 3rd, 2018|FPI in the News, NYS Budget|

Lawmakers Look ahead to State of the State

January 3, 2018. CBS6 News: As lawmakers return to the Capitol this year, they face fiscal challenges, including a state budget deficit of more than $4 billion. Wednesday, Gov. Cuomo delivers his State of the State Address, which will outline some of his priorities. CBS6's Heather Kovar spoke with lawmakers Tuesday, and they say this is going to be a challenging year.   Access to news clip HERE.

2021-01-06T10:55:30-05:00January 3rd, 2018|FPI in the News, NYS Budget|
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