99 Percent of New Yorkers Lose Under Bush “Tax and Borrow” Fiscal Policies
June 28, 2006. FPI's release of a new report by Citizens for Tax Justice with state-specific data.
Sorting Estate Tax Fact From Fiction
June 5, 2006. New data from the IRS shows that only 1.6% of New York estates (and only 1.2% of all estates nationally) were subject to taxation in 2004. Press release including a fact sheet from Citizens for Tax Justice.
$90 million in TANF Funds Trapped in Budget Limbo
May 24, 2006. Advocates call upon Governor to adopt legislature's bi-partisan agreement on TANF Funds. Press release below. Also see attachments: The Allocation of the New York's TANF Block Grant Funds for 2006-07 and Flexible Fund for Family Services allocations by county. Assemblymember Deborah Glick and Advocates for Low-Income New Yorkers held a press conference today at the Legislative Office Building to urge Governor Pataki to stop playing politics with federal Temporary Assistance to Needy Families (TANF) block grant funds. The groups urged the Governor [...]
New York State’s Dual Crises: Low Graduation Rates and Rising School Taxes
May 18, 2006. A new report issued by the Public Policy and Education Fund of New York with the assistance of the Fiscal Policy Institute.
Roth IRA “Conversion” Gimmick May be Used to Mask the True Cost of New Tax Cut Package Nearing Adoption by Congress
May 5, 2006. Press release below; also, links to additional resources. Roth IRA "Conversion" Gimmick May be Used to Mask the True Cost of New Tax Cut Package Nearing Adoption by Congress As news reports of the last several days have indicated, the chairs of the Senate Finance Committee and the House Ways and Means Committee have reached an "agreement in principle" on a tax reconciliation bill that would include approximately $70 billion of tax-cut extensions including a two-year extension of the dividends and capital [...]
House GOP Tax Cuts Ignore Crucial Funding
May 4, 2006. A letter to the editor by FPI Senior Economist Trudi Renwick, commenting on a Times Union editorial (April 19, 2006) on tax cuts being considered by Congress.
Over $1 Billion in TANF Block Grant Funds Trapped in Budget Limbo
May 3, 2006. Groups call upon the Governor to adopt the legislature's bi-partisan agreement on use of Temporary Assistance for Needy Families funds. Joint release from New Yorkers for Fiscal Fairness, the Fiscal Policy Institute, the Hunger Action Network of New York State and the Empire Justice Center: Advocates for Low-Income New Yorkers held a press conference today at the Legislative Office Building to urge Governor Pataki to stop playing politics with over $1 billion in federal Temporary Assistance to Needy Families (TANF) block grant [...]
House of Representatives’ proposed FY 2007 budget plan calls for large cuts in domestic programs while increasing the federal budget deficit
April 3, 2006. Press release: House Budget Calls for Large Cuts in Domestic Programs and Would Worsen Deficit Program Cuts Even Larger Than Those Proposed by President or Senate, Yet Would Be Offset by Tax Cuts and Added Defense-Related Spending The five-year budget plan approved on Wednesday, March 29, 2006, by the US House of Representatives’ Budget Committee is badly out of step with both America’s needs and Americans' concerns for fiscal responsibility and adequate funding of critical services. Both houses of Congress are now [...]
Who Pays the Individual AMT
March 22, 2006. State by state estimates from the Citizens for Tax Justice.
Millionaires Urge Legislature to Keep Estate Tax
March 20, 2006. Forty-six wealthy New Yorkers placed a full-page ad in the March 20, 2006, Legislative Gazette calling for New York State to keep its estate tax. In their open letter to the members of the State Legislature, the millionaires said that keeping the estate tax is essential to New York having a fair tax system.
A New York Perspective on Public-Private Partnerships
March 8, 2006. A presentation prepared for "Partnerships for New York - Innovative Transportation Financing and Contracting Strategies: Opportunities for New York State," a NYS Department of Transportation symposium. More: press release from DOT.
Presentation by Trudi Renwick before the New York State Economic and Revenue Forecasting Conference
March 1, 2006. Presentation >>
Balancing Revenues, Expenditures and Human Needs in a Troubled Time
February 15, 2006. Testimony of Frank J. Mauro, Executive Director, Fiscal Policy Institute, presented to the Joint Budget Hearing on Economic Development and Taxes before the Assembly Ways and Means and Senate Finance Committees. The centerpiece of the 2006-07 Executive Budget is a return to the pre-2001 practice of enacting large multi-year, backloaded tax cuts. The myriad of tax reductions being proposed by the Governor would reduce state revenues by about $1 billion in 2006-07. But because the proposed tax reductions would take effect in [...]
New York City 2006 Budget and Economic Outlook
February 9, 2006. Presentation by FPI Deputy Director and Chief Economist James Parrott. Presentation >>
Balancing New York State’s 2006-2007 Budget in an Economically Sensible Manner
January 31, 2006. The Fiscal Policy Institute's analysis of Governor George E. Pataki's Executive Budget and alternative approaches to balancing New York State's 2006-2007 budget. (See pages 28, 29 and 42 through 57 for analysis of school funding issues.) Briefing book on the 2006-2007 executive budget >>