NYS Budget

Beyond Balance: Forward-Looking Budget Priorities for New York City

July 9, 2013. All three of New York City’s citywide elected offices will have new faces in 2014. Mayor Michael Bloomberg cannot run for re-election because of the city’s term limits law, while Public Advocate Bill de Blasio and Comptroller John Liu are both running for Mayor rather than seeking re-election to their current offices. As voters consider a large field of mayoral candidates, as well as contenders for the other two citywide offices, the five borough presidencies and the 51 seats in the City [...]

Anthony Troia2020-11-13T14:56:15-05:00July 9th, 2013|Economic Trends & Policy, NYS Budget, NYS Tax Policy, Regional Economic Development, Reports, briefs and presentations, Tax & Budget|

Briefing on Mayor Bloomberg’s Preliminary FY 2014 NYC Budget, and a Forward-Looking Budget Agenda

March 5, 2013. Part I of the budget briefing on Mayor Bloomberg’s Preliminary FY 2014 NYC Budget makes the following points: Unemployment remains very high in this historically weak “recovery.” NYC job growth better than the U.S., but considerable hardships persist. NYC tax revenues have rebounded, but federal and state aid share declined. State budget choices and pressures continue to squeeze NYC. City-funded expenditures projected to increase 3.4% in FY 2014, with increases in debt service and health insurance. Most agency budgets are cut. Over [...]

Anthony Troia2020-11-13T14:48:29-05:00March 5th, 2013|Economic Outlook, Economic Trends & Policy, NYS Budget, NYS Tax Policy, Reports, briefs and presentations|

Closing the window of opportunity: the impact of the Governor’s proposed 2013-14 New York State budget on New York City’s women, youth and families

February 16, 2013. When viewed with a gender lens, the Governor’s 2013-2014 budget impacts New York City’s low-income women and their families in many ways, from decreased resources for low-income women seeking to get a foothold in the job market, to reduced funding for a wide range of essential support services, including access to child care. These proposed budget cuts, coupled with a weak recovery and sharp increases in poverty levels in NYC, further destabilize those most in need. Over the last three years, poverty [...]

Anthony Troia2013-02-18T20:41:10-05:00February 16th, 2013|NYS Budget, Reports, briefs and presentations, Tax & Budget|

Testimony at the Joint Legislative Public Hearing on the 2013-2014 Executive Budget – Taxes

February 12, 2013. In this testimony, Frank Mauro made the following six points: New York State should not cut taxes while the resources provided for education and other essential services are being hit with “Gap Elimination Adjustments” and other austerity measures. New York State should not provide tax subsidies for companies that outsource jobs or otherwise reduce employment in the state. Economic development tax breaks should only go to businesses that create and maintain jobs in the state. Loopholes and tax breaks that allow large, [...]

Anthony Troia2013-02-12T21:07:56-05:00February 12th, 2013|NYS Budget, NYS Tax Policy, Tax & Budget, Testimony|

FPI on New York’s 2013-14 State Budget

February 12, 2013. We have updated the Economic and Fiscal Outlook 2013-2014 briefing book that was originally released at FPI’s 23rd annual budget briefing on January 29, and submitted testimony by Carolyn Boldiston on the implications for Human Services of the Governor’s 2013-2014 Executive Budget and testimony by Frank Mauro on Tax Issues related to the Legislature’s consideration of the Executive Budget. We have also completed an analysis, with the New York Women's Foundation, of the impact of the Governor's budget on women, children and [...]

Anthony Troia2020-11-13T15:12:43-05:00February 12th, 2013|Creating Vibrant Communities, Meeting Basic Needs, NYS Budget, NYS Tax Policy, Reports, briefs and presentations, Tax & Budget, Testimony|

Testimony at the Joint Legislative Public Hearing on the 2013-2014 Executive Budget Proposal – Human Services

February 5, 2013. 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 state's maintenance-of-effort spending, and recommendations for the 2013-2014 state fiscal year.

Anthony Troia2020-11-13T15:12:43-05:00February 5th, 2013|Creating Vibrant Communities, Meeting Basic Needs, NYS Budget, Tax & Budget, Testimony|

New York State Economic and Fiscal Outlook 2013-2014

January 29, 2013. The Fiscal Policy Institute’s 23rd annual budget briefing. Briefing Book

Anthony Troia2020-11-13T14:17:41-05:00January 29th, 2013|NYS Budget, NYS Tax Policy, Reports, briefs and presentations, Tax & Budget|

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 [...]

Anthony Troia2020-10-27T13:08:50-04:00June 18th, 2012|NYS Budget, Reports, briefs and presentations, Tax & Budget|

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 [...]

Anthony Troia2020-11-13T14:48:30-05:00March 21st, 2012|Economic Outlook, Economic Trends & Policy, NYS Budget, Reports, briefs and presentations, Tax & Budget|

Counterbudget: Putting People First, Budget Issues that Need Attention

March 19, 2012. The Counterbudget was compiled by New Yorkers from Fiscal Fairness with input from FPI and other cooperating organizations. Report and press release.

Anthony Troia2012-04-21T12:31:03-04:00March 19th, 2012|Blog, NYS Budget, NYS Tax Policy, Tax & Budget|

How much does the Tier 6 proposal reduce employee retirement benefits?

March 9, 2012. This brief quantifies the value of the reduction in retirement benefits to the typical member of the NYS Employees' Retirement System (ERS) under the Tier 6 proposal, and finds that the proposal reduces the employee benefit by 39.8 percent.

Anthony Troia2012-04-21T11:59:18-04:00March 8th, 2012|NYS Budget, Reports, briefs and presentations, Tax & Budget|

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 >> [...]

Anthony Troia2012-04-21T11:56:12-04:00March 8th, 2012|Blog, NYS Budget, Press releases, Tax & Budget|

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 [...]

Anthony Troia2020-11-13T14:48:30-05:00March 6th, 2012|Economic Outlook, Economic Trends & Policy, NYS Budget, NYS Tax Policy, Reports, briefs and presentations, Tax & Budget|

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.

Anthony Troia2020-11-13T15:12:43-05:00February 13th, 2012|Creating Vibrant Communities, Meeting Basic Needs, NYS Budget, Tax & Budget, Testimony|

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 [...]

Anthony Troia2012-05-14T17:33:44-04:00February 8th, 2012|Blog, FPI in the News, NYS Budget, Tax & Budget|

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