Tax & Budget

A Harder Struggle, Fewer Opportunities: The Impact of the Governor’s Proposed Budget on Women, Children and Families

March 23, 2011. This report, prepared for the New York Women's Foundation, shows that the Executive Budget takes away from an array of vital programs that strengthen women's ability to support themselves and their families, and keep them healthy and safe. Obstacles are placed in the paths of women trying to improve their lives and those of their children. The proposed assembly and senate budgets move in the right direction by moderating some of the proposed spending reductions. The leaders should further moderate cuts while [...]

2025-04-04T14:27:31-04:00March 23rd, 2011|Reports, Briefs and Presentations, State Budget, Tax & Budget, Tax Policy|
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Briefing on Mayor Bloomberg’s Preliminary FY 2012 New York City Budget

March 2, 2011. Despite Wall Street's rebound, unemployment and hardship continue; at best, recovery will be very gradual. The revenue rebound does not make up for declining federal and state aid, particularly in education. Human services are being cut, while recent tax changes worsen the regressivity of the City's tax structure. The City should begin to address several tax inequities and strengthen its revenue base. Briefing >>

2024-12-18T12:28:46-05:00March 2nd, 2011|Economic Outlook, Economic Trends & Policy, Reports, Briefs and Presentations, State Budget, Tax & Budget, Tax Policy|
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Short Term Property Tax Relief and Long Term Tax Reform: An Omnibus Approach

March 1, 2011. At the public hearing on the Governor's proposed "Cap on Real Property Taxes" before the Assembly Standing Committees on Ways and Means, Education, Real Property Taxation, Local Government and Cities, Frank Mauro, FPI's executive director, explained why a cap on real property taxes would not effectively protect those most in need of property tax relief, and would exacerbate inequities in the current school finance system. In the short run, a property tax circuit breaker would provide effective and targeted relief. Over time, [...]

2025-04-04T14:27:31-04:00March 1st, 2011|City Budget, Must Read, Tax & Budget, Tax Policy, Testimony|
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A Balanced Approach to Closing State Deficits

February 25, 2011. Most states are heading into their fourth year of fiscal crisis facing severe revenue shortfalls that require closing huge deficits. The choices states make about how to close those deficits have serious implications both in the short and long term. States that rely solely or primarily on widespread budget cuts to close deficits are harming residents and businesses that need immediate assistance; they also are reducing demand in the economy and impeding their state's economic recovery. This paper by Iris J. Lav [...]

2024-12-18T12:28:47-05:00February 25th, 2011|Blog, State Budget, Tax & Budget, Tax Policy|
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Testimony at the Joint Legislative Public Hearing on the 2011-2012 Executive Budget Proposal – Human Services

February 16, 2011. Testimony submitted by Carolyn Boldiston, FPI's Senior Fiscal Policy Analyst. Her testimony includes: a review of New York State's recent public assistance caseload history, 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 American Recovery and Reinvestment Act (ARRA) of February 2009 on TANF funding and spending in New York State, and recommendations for the 2011-2012 state fiscal year.

2025-04-04T14:27:31-04:00February 16th, 2011|Social Policy, State Budget, Tax & Budget, Testimony|
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FPI responds to the Partnership report: Can New York Depend on a “Millionaire’s Tax” to Solve the Budget Crisis?

February 14, 2011. The personal income tax (PIT) surcharge should be continued. It is not onerous, and it is offset by federal tax cuts. Moreover, unemployment is projected to stay above 7 percent until 2014; budget cuts worsen unemployment and the adversity experienced by many families in a weak economy. New York needs a balanced approach to balancing the budget, one that looks also at the revenue side, rather than relying too heavily on the cutting side. Brief >>

2025-04-04T14:27:32-04:00February 14th, 2011|Letters, State Budget, Tax & Budget, Tax Policy|
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Balancing the New York State Budget 2011-2012

February 14, 2011. This presentation - by Frank Mauro of the Fiscal Policy Institute and Ron Deutsch of New Yorkers for Fiscal Fairness - was made at a budget briefing for legislators, staff and advocates. The briefing was sponsored by Growing Together NY, Strong Economy for All Coalition, AFL-CIO, AFSCME NY, ATU, CSEA, CWA District 1, NYSUT, PEF, SEIU Local 32BJ, TWU, and UFT.

2025-04-04T14:27:32-04:00February 14th, 2011|Reports, Briefs and Presentations, State Budget, Tax & Budget, Tax Policy|
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Statement from the Fiscal Policy Institute on the proposed Executive Budget 2011-2012

February 1, 2011. The budget proposed today by the Governor places relies excessively on spending cuts, which increase unemployment and intensify hardships for those bearing the brunt of the recession. Meanwhile, a privileged group has profited tremendously from New York's economic growth over the past two decades, and from Wall Street's recent resurgence; the richest one percent of New Yorkers now receive 35 percent of all income in the state, while they pay a lower state and local tax burden than middle- and low-income state [...]

2025-04-04T14:27:32-04:00February 1st, 2011|Press Releases, State Budget, Tax & Budget, Tax Policy|
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Fiscal Reality: Practical options for New York’s budget

January 3, 2011. An op ed by James Parrott, The Clarion. A balanced approach to balancing the state budget includes identifying additional revenues - not just cutting critical services - particularly at a time when need has been elevated by the lingering recession. Government spending is inextricably tied to prospects for economic recovery. Steep cuts will worsen unemployment.

2025-04-04T14:27:33-04:00January 3rd, 2011|Letters, State Budget, Tax & Budget, Tax Policy|
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