Press Releases

Revenue Projection: One House Budget Tax Proposals

For Immediate Release: March 16, 2023 Press Contact: Monica Klein, press@fiscalpolicy.org Legislature's Tax Proposals Would Raise Between $1.6 – $2.1 Billion Personal income tax proposal would raise approximately $710 million — increase only impacts 0.2% of taxpayers Corporate tax proposals would raise between $930 million – $1.2 billion for transit ALBANY, NY | March 16, 2023 - Following the release of the State Senate and Assembly Budget Proposals, the Fiscal Policy Institute today released annual revenue estimates for the Personal Income Tax, [...]

Monica Klein2023-03-16T16:31:51-04:00March 16th, 2023|Blog, Press Releases, State Budget, State Tax Policy, Tax & Budget|

Domestic Workers in New York: By the Numbers

FOR IMMEDIATE RELEASE: April 12, 2021 Contact: Shamier Settle, ssettle@fiscalpolicy.org, 347-834-5760 Domestic Workers are Essential Workers: By the Numbers in New York Domestic Workers are Essential to our Economy and will be highlighted in Biden Infrastructure Plan Read the report: “Domestic Workers are Essential Workers: By the Numbers in New York” (Albany, NY) –Domestic workers are doing the intense and intimate labor of caring for our families and our households. As the fallout of the global pandemic has made clear, they are essential to our [...]

Anthony Troia2021-04-12T08:27:50-04:00April 12th, 2021|Immigration, New York State, Press Releases|

“Legislature Supports $2.1 Billion in Aid to Excluded Workers; Report Shows $3.5 is Needed”

FOR IMMEDIATE RELEASE: March 18, 2021 Media Contact: communications@fiscalpolicy.org, 518-786-3156 “Legislature Supports $2.1 Billion in Aid to Excluded Workers; Report Shows $3.5 is Needed” Read FPI’s report: Unemployment Compensation for Excluded Workers: $3.5 Billion Needed for 2020 and 2021 (Albany, NY) – New York State may be on the brink of providing unemployment benefits to workers who are currently excluded from the state’s unemployment insurance fund. The New York State Assembly and Senate both support a fund of $2.1 billion to extend benefits to undocumented [...]

Anthony Troia2021-03-31T14:53:18-04:00March 17th, 2021|Immigration, New York State, Press Releases, State Budget, State Tax Policy, Tax & Budget|

Fiscal Policy Institute on One-House Budgets

FOR IMMEDIATE RELEASE: March 15, 2021 Media Contact: communications@fiscalpolicy.org, 518-786-3156 Fiscal Policy Institute on One-House Budgets (Albany, NY) Today the New York State Senate and Assembly released their one-house budgets as New York continues grappling with the pandemic. With the annual April 1st deadline fast approaching, today’s action sustains hope for a responsive budget process that can meet all New Yorkers' needs. The Legislature’s proposals recognize the need for support to ensure all New Yorkers can live, work, access health care, and receive a sound education. With the pandemic underscoring how [...]

Anthony Troia2021-03-31T14:53:11-04:00March 15th, 2021|Governance, Press Releases, State Budget, State Tax Policy, Statements & Public Testimony , Tax & Budget|

FPI Testifies Before Join Legislative Budget Hearing on Taxes

FOR IMMEDIATE RELEASE: February 23, 2020 Media Contact: communications@fiscalpolicy.org, 518-786-3156 Fiscal Policy Institute's Recommendations for the FY 2022 State Budget (Albany, NY) Today the Fiscal Policy Institute (FPI) testified before the Joint Legislative Budget Hearing on taxes. FPI urges a bold vision in crafting the FY 2022 state budget, recommending progressive tax policies so that all New Yorkers can grow, prosper, and build a foundation for the future. The video replaces FPI's annual in-person budget presentation. Statement from Dr. Jonas Shaende, Chief Economist: “This year’s [...]

Anthony Troia2021-03-31T14:52:59-04:00February 24th, 2021|Press Releases, State Budget, Statements & Public Testimony , Tax & Budget|

New York’s Pandemic State Budget: Recovering and Reimagining

FOR IMMEDIATE RELEASE: February 10, 2021 Media Contact: communications@fiscalpolicy.org, 518-786-3156 ***VIDEO link below*** New York's Pandemic State Budget: Recovering and Reimagining Fiscal Policy Institute's Recommendations for the FY 2022 State Budget Read the report: "Economic and Fiscal Outlook 2022: New York Recovering and Reimagining" Watch the video: Fiscal Policy Institute's Annual State Budget Presentation 2021 (Albany, NY) Today the Fiscal Policy Institute (FPI) released a 30-minute video highlighting its report "New York State's Pandemic Budget: Recovering and Reimagining." FPI urges a bold vision in crafting the FY [...]

Anthony Troia2021-06-29T14:44:56-04:00February 9th, 2021|Must Read, Press Releases, Reports, Briefs and Presentations, State Budget, State Tax Policy, Tax & Budget|

Concrete Gains for New Yorkers from Federal Immigration Proposal

FOR IMMEDIATE RELEASE: February 1, 2021 Media Contact: communications@fiscalpolicy.org, 518-786-3156 Concrete Gains for New Yorkers from Federal Immigration Proposal Removing Barriers for Immigrants Boosts Earnings and Tax Revenue Read the report: A Pathway to Citizenship: Doing Well by Doing Good (Albany, NY) A new report by the Fiscal Policy Institute (FPI) in conjunction with the Institute for Taxation and Economic Policy (ITEP) shows the ways New York State would benefit if undocumented immigrants could gain work authorization and apply for citizenship, as is being proposed [...]

Anthony Troia2021-03-31T14:53:36-04:00February 1st, 2021|Immigration, New York State, Other States & National, Press Releases|

Fiscal Policy Institute Reacts to Governor Cuomo’s State of the State

FOR IMMEDIATE RELEASE: January 11, 2020 Media Contact: communications@fiscalpolicy.org, 518-786-3156 (Albany, NY)  Today Governor Cuomo laid out his priorities at the beginning of the New York State 2021 legislative session. Statement from Jonas Shaende, Ph.D., Chief Economist "The 2021 state legislative session will be driven by the pandemic health crisis and economic hurdles. Governor Cuomo highlighted the federal government's role and responsibility to meet the full scope of COVID-19's health and fiscal challenges. That notwithstanding, our state government has a duty to meet all new Yorkers' needs, many of whom were struggling even before the pandemic. The need for immediate relief goes hand [...]

Anthony Troia2021-03-31T14:53:44-04:00January 11th, 2021|Press Releases|

Holiday Season Underscores the New Yorkers’ Need for Support as Pandemic Deepens Inequity

Read the report: The Pandemic Recession: Hitting Immigrants and People of Color Hardest (Albany, NY) — The holiday season is beginning in our state as never before with a second COVID wave bearing down on the health and financial stability of New Yorkers. While the COVID-19 is a threat to us all, immigrants and people of color are by far hit the hardest. And undocumented immigrants may be hit harder still since they are concentrated in several of the industries that have seen the biggest employment decline. “New Yorkers across the board are struggling to stay healthy, educate our children, and deal with financial insecurity of [...]

Anthony Troia2021-04-06T12:28:07-04:00November 24th, 2020|Economic Outlook, Immigration, New York State, Other States & National, Press Releases|

Ron Deutsch to Step Down as FPI’s Executive Director

Several weeks ago, Ron Deutsch informed the Fiscal Policy Institute’s (FPI) Board of Directors that he planned to step down as Executive Director on December 15, 2020. Mike Burgess, Chair of FPI’s Board of Directors, stated that “I have known and worked with Ron for over two decades, a time during which he has become such an effective and influential advocate for social and economic justice in various roles. Over the past six years, he has brought his passion and commitment to the Fiscal Policy [...]

Anthony Troia2020-12-30T09:49:53-05:00November 11th, 2020|Press Releases|

Pandemic Economics Demand A Diverse Response

October 14, 2020 In light of New Jersey's adoption of a millionaires tax to help fill a statewide revenue hole caused by the coronavirus, many asked what about New York? Like New Jersey, New York was hard hit by the pandemic, and its economy continues to suffer. Like New Jersey, New York has historic fiscal problems with a budget shortage of $14.5 billion this year, and in the tens of billions of dollars over the next several years. Like New Jersey, we continue to wait on the federal government [...]

Anthony Troia2020-12-30T09:53:25-05:00October 14th, 2020|Economic Outlook, Press Releases, Reports, Briefs and Presentations|

Generating State Revenue Essential for Post-Pandemic Recovery

Billionaire Mark-to-Market Tax Can Raise Over $5.5 Billion To Help Keep New York State Running New York can and must do more to address its budget crisis than wait for federal relief. While the economy has taken a hit, the state can raise enough tax revenue to avoid catastrophic budget cuts—to education, health care, and other crucial services—and add new programs to combat the coronavirus recession by helping those most in need. The Fiscal Policy Institute’s latest report explains how a new type of tax [...]

Anthony Troia2021-02-01T15:36:33-05:00August 12th, 2020|Must Read, Press Releases, State Tax Policy|

New York Must Act Now to Support Excluded Workers

Workers and families left without support for months Read the full report: Unemployment Compensation for Excluded Workers: Helping New Yorkers, Boosting the Local Economy (Albany, NY) State unemployment benefits were expanded in significant ways for most New Yorkers who lost their jobs during the pandemic. However, tens of thousands of New York workers and their families were left adrift without federal or state assistance. The Fiscal Policy Institute’s new report shows that our state can act to create and fund a system to support these workers. [...]

Anthony Troia2021-04-06T09:51:57-04:00July 30th, 2020|Economic Outlook, Immigration, New York State, Press Releases|

In Solidarity

The Fiscal Policy Institute stands in solidarity with protesters voicing outrage over the recent murders of George Floyd and Breonna Taylor, and the long history of violent abuse and killing of Black people at the hands of police in city after city, town after town, year after year. Black lives matter. Yet the history of racism built into our society actively harms Black people. We must do better for our state and our nation. In our research at the Fiscal Policy Institute, we consistently see [...]

Anthony Troia2021-11-04T12:52:04-04:00June 12th, 2020|Press Releases|

Press Release: Spotlight on New York’s Essential Workers

April 8, 2020 Overlooked, Underpaid and Indispensible Read the report: https://fiscalpolicy.org/wp-content/uploads/2020/04/Essential-Workers-Brief-Final.pdf (Albany, NY) Today the Fiscal Policy Institute (FPI) released a new report spotlighting New York's essential workers who are on the frontlines during the COVID-19 pandemic. According to the new analysis, there are 2.2 million “essential workers” in New York State. Twenty-two percent of these essential workers support their families on low incomes, with family incomes of less than 200 percent of the poverty level. Statement from David Dyssegaard Kallick, Deputy Director, Fiscal Policy Institute: “The pandemic has brought [...]

Anthony Troia2020-12-30T14:00:03-05:00April 8th, 2020|Blog, Employment, Unemployment & Job Quality, New York State, Press Releases|