Tax & Budget

Coalition and lawmakers call on Governor, Legislature to close corporate tax loopholes to level playing field for small business and restore public services

January 30, 2013. As part of a coalition of community, labor, faith, student and Occupy organizations, the Fiscal Policy Institute has launched a campaign to bring fairness and transparency to New York’s corporate tax system, ending costly loopholes that cost taxpayers and businesses dearly. The coalition is calling on Governor Cuomo and the Legislature to close a series of unfair corporate tax loopholes, raising nearly $1billion for this year’s state budget and leveling the playing field between large out-of-state multinational corporations and New York based [...]

2024-12-18T12:27:58-05:00January 30th, 2013|Press Releases, Reports, Briefs and Presentations, Tax & Budget, Tax Policy|
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Fiscal Policy Institute’s Mauro to step down

January 7, 2013. Frank Mauro will be stepping down as FPI's Executive Director at the end of New York’s 2013 Legislative session. Mauro has long been one of Albany’s best known experts on budget and public policy issues from his work at FPI and earlier as Secretary of the NYS Assembly Ways and Means Committee, director of Assembly Speaker Stanley Fink’s Program Development Group, director of research for the last major revision of the New York City Charter, and Deputy Director of the Rockefeller Institute [...]

2024-12-18T12:27:59-05:00January 7th, 2013|Press Releases, Tax & Budget|
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FPI and CBPP: Ryan Budget Takes Billions out of New York

August 8, 2012. Today the Center on Budget and Policy Priorities released a new report showing that a "Cuts Only" approach to reducing the federal deficit would drastically cut federal investments in education, roads and bridges, and disaster relief. Cuts of this magnitude would do great damage to the economy. FPI's press release (below) highlights the fact that the House-passed "Ryan Budget," a prime example of the "Cuts Only" approach, would cost New York state and local governments $2.7 billion in 2014 alone and $21.2 [...]

2024-12-18T12:28:15-05:00August 8th, 2012|Press Releases, Tax & Budget|
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Impact of the New York City FY 2013 Executive Budget Proposal on Women, Children and Families

June 18, 2012. This report prepared for the New York Women's Foundation shows that the budget cuts proposed in the Mayors Executive Budget fail to respond to heightened needs and jeopardize the outlook for economic improvement and security for many low-income women and their families. The proposed cuts and funding shortfalls increase the risk of poverty in two ways: by destabilizing those already struggling, and by reducing opportunities to move out of poverty. Reducing the reliance on spending cuts to balance the budget will mitigate [...]

2024-12-18T12:28:17-05:00June 18th, 2012|Reports, Briefs and Presentations, State Budget, Tax & Budget|
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Advocates urge Cuomo to carry through on tax reform commission

May 25, 2012. Tax reform advocacy groups from around the state gathered on May 22 to remind the Governor that he pledged to create a tax reform commission in his State of the State address earlier this year. News coverage: "Omnibus members question Cuomo's tax plans" - a post by Rick Karlin, Albany Times Union Capitol Confidential blog. "Groups Urge Tax Reform" - a post by Joseph Spector, Albany Watch blog. Includes a video of Ron Deutsch of New Yorkers for Fiscal Fairness talking about [...]

2024-12-18T12:28:19-05:00May 25th, 2012|Blog, Economic Trends & Policy, Tax & Budget, Tax Policy|
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The Governor’s Proposed Budget: Continued Scarce Funding for Women, Families and Youth in a Weak Recovery

March 21, 2012. With a weak recovery, unemployment remains high and hardships have mounted for many New York City women, families and youth. Prepared for the New York Women's Foundation, this brief finds that three years of state budget cuts have frayed the safety net during a time of growing need, making it harder for low-income women to access income and job supports as well as vital supportive services, and to secure jobs with a future. The governor's proposed budget makes further cuts in many [...]

2024-12-18T12:28:20-05:00March 21st, 2012|Economic Outlook, Economic Trends & Policy, Reports, Briefs and Presentations, State Budget, Tax & Budget|
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Groups call on Governor Cuomo to drop transfer language from state budget

March 8, 2012. FPI and 16 other groups delivered a letter to Governor Andrew Cuomo today asking him to drop language included hundreds of times in his executive budget proposal for 2012-2013. The language undercuts legislative authority and effectively removes the public from decisions regarding the use of taxpayer money by giving the Governor power to move money between state agencies without oversight. The language goes even further than that, authorizing suballocations from "on budget" state agencies to "off budget" public authorities. Press release >> [...]

2024-12-18T12:28:21-05:00March 8th, 2012|Blog, Press Releases, State Budget, Tax & Budget|
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Briefing on Mayor Bloomberg’s Preliminary FY 2013 New York City Budget

March 6, 2012. Unemployment remains very high in this historically weak "recovery" in NYC, as across the country, and considerable hardships persist. In addition, NYS budget choices and pressures continue to squeeze NYC. The Mayor's budget can only be described as austere: although needs have grown in the wake of the recession, NYC spending on human services funding has fallen by 10 percent. Income concentration has resumed, underscoring the need for progressive tax reform. NYC's business tax expenditures have risen sharply; addressing several tax inequities [...]

2024-12-18T12:28:21-05:00March 6th, 2012|Economic Outlook, Economic Trends & Policy, Reports, Briefs and Presentations, State Budget, Tax & Budget, Tax Policy|
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Testimony at the Joint Legislative Public Hearing on the 2012-2013 Executive Budget Proposal – Human Services

February 13, 2012. Submitted by Carolyn Boldiston, FPI's Senior Fiscal Policy Analyst. Testimony includes: trends in public assistance participation and poverty in New York State, a review of New York's historical utilization of the federal Temporary Assistance for Needy Families (TANF) block grant, a review of the impact of the TANF Contingency Fund and Emergency Contingency Fund on TANF funding and spending in New York State, and recommendations for the 2012-2013 state fiscal year.

2024-12-18T12:28:21-05:00February 13th, 2012|Social Policy, State Budget, Tax & Budget, Testimony|
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Transfer Authority: The Governor and the New York State Budget

February 8, 2012. WBAI Evening News: Andrea Sears of WBAI interviews FPI Executive Director Frank Mauro, about the provision that Governor Cuomo has included in his 2012-2013 State Operations and Capital Projects appropriations bills, proposing to give unprecedented powers to the Governor's Budget Director to redirect funds from many state agency appropriations to other agencies and public authorities, even off-budget public authorities. The interview with Mauro is 6.5 minutes long and starts at 3:28 of this clip from the WBAI Evening News. It follows a [...]

2024-12-18T12:28:21-05:00February 8th, 2012|Blog, FPI in the News, State Budget, Tax & Budget|
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