Press Releases

Don’t Let the Pandemic Shortchange Our State Budget Process

For Immediate Release: March 31, 2020   (Albany, NY) Today the Fiscal Policy Institute (FPI) released a set of recommendations to safeguard New York’s budget process and ensure a just budget for all. Predictions of a budget shortfall preceded the unforeseen economic impact of the pandemic and FPI urged leadership to think beyond the continued use of the same austerity budget measures put in place year after year. Now, faced with the urgent needs of our community members, FPI urges Governor Cuomo and state leadership [...]

2020-12-30T14:02:44-05:00March 31st, 2020|NYS Budget, Press Releases|

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

FOR IMMEDIATE RELEASE: January 8, 2020 Media Contact: communications@fiscalpolicy.org, 518-786-3156 Fiscal Policy Institute Reacts to Governor Cuomo's State of the State Address FPI Agrees that New Yorkers Deserve Results, Not Rhetoric  Statement from Ron Deutsch, Executive Director, Fiscal Policy Institute   “Governor Cuomo is right that New Yorkers deserve results, not rhetoric. While our state economy booms, we continue to be short-changed by austerity budgeting. Missing from the governor’s State of the State address is clarity on closing the budget gap and meeting our state’s pressing needs. The [...]

2021-03-31T15:27:15-04:00January 8th, 2020|NYS Budget, Press Releases|

The New York State Budget Must Support All New Yorkers.

January 6, 2020 As the New York State legislative session begins with the state facing a multi-billion-dollar state budget deficit, the question is clear—what kind of New York do we want and how will we get there?  The Fiscal Policy Institute (FPI) urges Governor Andrew Cuomo, Senate Majority Leader Andrea Stewart-Cousins and Assembly Speaker Carl E. Heastie to choose sound economic and social policies that promote growth and development for the many rather than the few so that all New Yorkers have an equal chance at opportunity. FPI knows that we can craft [...]

2020-12-30T14:10:11-05:00January 6th, 2020|NYS Budget, Press Releases|

FPI’s New Report Highlights the Unequal State of New York

For Immediate Release: December 6, 2019 Media Contact: communications@fiscalpolicy.org, 518-786-3156 The Unequal State of New York The Majority of Income is Captured by the Fewest New Yorkers Read the report: The Unequal State of New York click here. (Albany, NY) The Fiscal Policy Institute reports that New York State has the most unequal income distribution in the nation, with the fewest people capturing the greatest share. Not since the “Gilded Age” of the 1920s has our state seen such a vast divide between the highest- and [...]

New Report: Economic Impact of Long Island’s Opioid Crisis

The Fiscal Policy Institute’s new report “The Staggering Cost of Long Island’s Opioid Crisis” revealed the economic impact of this health crisis and how the financial burden is borne by all of us: as taxpayers, consumers, and businesses. While the devastating personal costs of addiction have always been clear, the report shows just how significant the effect has been on Long Island’s economy through lost productivity, and other costs to businesses, emergency services, libraries, and others. On Long Island, the opioid-related health crisis resulted in a [...]

Refugees Help Revitalize and Strengthen New York Vital to Economic Growth in Areas that Need it Most

For Immediate Release: July 19, 2019 Media Contact: communications@fiscalpolicy.org, 518-786-3156   Refugees Help Revitalize and Strengthen New York Vital to Economic Growth in Areas that Need it Most   July 19, 2019. (Albany, NY)- News that the Trump Administration is considering radically reducing refugee resettlement should be a jolt to New York’s political leadership. New York elected officials have shown bipartisan support for the resettlement program as being both the right thing to do and good for New York. Years of research by the Fiscal Policy Institute (FPI) shows [...]

2021-03-31T15:27:39-04:00July 19th, 2019|Immigration, New York State, Press Releases|

Press Release: Legislators & Advocates Call for Working Family Tax Credits to Fight Childhood Poverty

Strengthening the Earned Income Tax Credit and Child Care Credit Boosts New York’s Working Families PRESS RELEASE  For Immediate Release:  May 30, 2019 Contact: Dede Hill, Director of Policy, Schuyler Center for Analysis and Advocacy (518) 879-6616 / dhill@scaany.org Pete Nabozny, The Children’s Agenda (518) 929-1264 / pete@thechildrensagenda.org Legislators & Advocates Call for Working Family Tax Credits to Fight Childhood Poverty Strengthening the Earned Income Tax Credit and Child Care Credit Boosts New York’s Working Families (Albany, NY) On many levels, New York is an [...]

2021-03-31T15:28:01-04:00May 30th, 2019|NYS Tax Policy, Press Releases|

Press Release: Fair Pay for Farm Workers is Affordable

For immediate release: Tuesday, May 28, 2019 Media Contact: communications@fiscalpolicy.org, 518-786-3156 The new report: "Farm Workers' Overtime Pay is Affordable and Long Overdue" New Report Shows that Fair Pay for Farm Workers is Affordable Our state can end the archaic exclusion of job protections for farm workers (Albany, NY) Today the Fiscal Policy Institute released a new report “Farm Workers’ Overtime Pay is Affordable and Long Overdue” which looks at how giving farm workers the same rights and protection as other workers, including overtime pay for long hours, [...]

Press Release: Families Lack Affordable Housing Statewide, Rent burdens leave families and communities without a firm foundation

For Immediate Release: April 29, 2019 Media Contact: communications@fiscalpolicy.org, 518-786-3156 (Albany, NY) Today the Fiscal Policy Institute released a new report “Nearly Half of New York Renters Are Rent Burdened” (add link) showing a majority of renting families statewide are “rent-burdened” meaning that they pay over the recommended standard of 30% of their income in rent – and for families of color that percentage climbs even higher. FPI cautions that the effects of rent burdens hurt families, local communities, and the state. With the state [...]

New Proposal Gives Needed Boost to New York’s Working Families

For Immediate Release: April 10, 2019 Media Contact: communications@fiscalpolicy.org, 518-786-3156 New Proposal Gives Needed Boost to New York’s Working Families (Albany, NY) New York’s Fiscal Policy Institute welcomed Senator Chuck Schumer and Senator Kirsten Gillibrand’s sponsorship of the Working Families Tax Relief Act- legislation that would begin to fix our tax laws to help working people with low-wage jobs make ends meet as they work to support themselves and their families. Introduced today the proposal would strengthen the highly successful Earned Income Tax Credit (EITC) [...]

2021-03-31T15:28:30-04:00April 10th, 2019|Federal Taxes & Budget Policy, Press Releases|

Fiscal Policy Institute Response to the 2019-2020 Adopted Budget

Fiscal Policy Institute Response to the 2019-2020 Adopted Budget Read FPI's comprehensive overview of the NYS budget. Revenues This year’s budget raises revenues from a number of different areas, and does so through a number of well-founded approaches. The Fiscal Policy Institute supports the newly enacted luxury real estate tax, which makes property taxes more progressive. We support congestion pricing, which will raise needed revenues for the transit system while reducing traffic in Manhattan. And we support the collection of sales tax from internet marketplace [...]

2021-01-06T10:13:40-05:00April 1st, 2019|NYS Budget, Press Releases|

Fiscal Policy Institute Releases Analysis in Support of Proposed Pied-à-Terre Tax

For Immediate Release: March 26, 2019 Media Contact: communications@fiscalpolicy.org, 518-786-3156 Fiscal Policy Institute Releases Analysis in Support of Proposed Pied-à-Terre Tax Report and Analysis here. A PIED-À-TERRE TAX IS A TAX ON HIGH-VALUE LUXURY RESIDENTIAL PROPERTY that is not used by its owners as a primary residence. This type of tax has become increasingly common around the world as a way to ensure that wealthy non-residents pay their fair share of local taxes, and as a way to re-orient the local real estate market around housing [...]

2021-03-31T15:28:57-04:00March 26th, 2019|NYS Tax Policy, Press Releases|

Press Release: Legislators, Fiscal Watchdog, Children and Social Justice Advocates and Faith Leaders Urge NY to Take Real Steps To Address Child Poverty and Provide Tax Relief to Low Income Families by Strengthening NY’s EITC and Child Tax Credit

For Immediate Release: March 11, 2019 Media Contact: communications@fiscalpolicy.org, 518-786-3156 Legislators, Fiscal Watchdog, Children and Social Justice Advocates and Faith Leaders Urge NY to Take Real Steps To Address Child Poverty and Provide Tax Relief to Low Income Families by Strengthening NY’s EITC and Child Tax Credit Albany, NY. Lawmakers and advocates urge New York to act this year to address our child poverty epidemic. More than one in five NY children live in poverty; with that rate rising to nearly one in three among [...]

2021-03-31T15:29:16-04:00March 11th, 2019|Blog, NYS Tax Policy, Press Releases|

Legislative Leaders Stand with Refugee Resettlement Agencies and Allies

Legislative Leaders Stand with Refugee Resettlement Agencies and Allies in Seeking $4.5 Million in FY 2020 Budget For Immediate Release: February 26, 2019 Media Contact: communications@fiscalpolicy.org, 518-786-3156 Assemblymembers Sean Ryan, Pat Fahy, and Marianne Buttenschon stood in the Capitol today with all 14 of the refugee resettlement agencies in the New York State Enhanced Services to Refugees Program (NYSESRP), the Fiscal Policy Institute, and the New York Immigration Coalition to recognize the success of NYSESRP and to urge that it be funded at $4.5 million in [...]

2021-03-31T15:29:25-04:00February 26th, 2019|New York State, Press Releases|

FPI Supports Bill to End Company-Specific Subsidies

February 20, 2019. Senator Julia Salazar and Assemblymember Ron Kim were joined by Senator Michael Gianaris, the Fiscal Policy Institute, and community-based organizations as they introduced new legislation to end corporate welfare packages. The proposed bill would enact a collective agreement between all states that join, an interstate compact, to end the costly Race to the Bottom between different cities and states, which has cost many of them billions annually in taxpayers’ money for several decades. The legislation can be viewed here. “When states compete against each [...]

2021-01-06T09:41:42-05:00February 20th, 2019|Press Releases, Regional Economic Development|
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