Reports, Briefs and Presentations

Building New York’s Future: Creating Jobs and Business Opportunities Through Mass Transit Investments

September 27, 2011. This white paper finds that as New York comes out of the most severe economic downturn since the Great Depression, the state can and should pursue a mass transit-related manufacturing strategy, positioning itself as a leader in sustainable transportation while creating good, middle class jobs for New Yorkers. Working toward broad political commitment and securing adequate funding for New York's transit authorities' capital and operating budgets, and for national mass transit infrastructure, are necessary complements.

2020-11-13T14:56:16-05:00September 27th, 2011|Economic Trends & Policy, Reports, Briefs and Presentations, State Budget, Tax & Budget|
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Brooklyn Labor Market Review – Fall 2011

September 26, 2011. Prepared by FPI for the Brooklyn Chamber of Commerce, the latest issue of the BLMR finds that Brooklyn led all boroughs in job creation and in new firm creation over the last decade. During this period, Brooklyn added 50,000 jobs while the while New York City as a whole lost 16,000. The borough added not only hundreds of restaurants and retail shops but also health care, business and professional service companies.

2020-11-13T14:48:30-05:00September 26th, 2011|Economic Outlook, Economic Trends & Policy, Labor Market & Workforce, Reports, Briefs and Presentations|
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State of Working New York 2011, Part I: One in seven New Yorkers out of work two years into “recovery”

August 31, 2011. FPI's 2011 annual edition of the State of Working New York documents New York's continuing unemployment crisis in the context of the weak national economic recovery. Two years into the "recovery" from the Great Recession of 2008-2009, one in seven New York workers is unemployed, under-employed or has given up looking for work - a total of 1.4 million New Yorkers. Long-term unemployment is at record levels. Half of the unemployed have been out of work for more than six months, and [...]

2020-11-13T14:50:33-05:00August 31st, 2011|Economic Outlook, Economic Trends & Policy, Press Releases, Reports, Briefs and Presentations|
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Scant recovery for workers in NYC: Young workers see gains, but unemployment worsens for older workers

July 20, 2011. This report, the latest on "The State of Working NYC," finds several crosscurrents in the first year after the job market bottomed out in NYC. Young workers (ages 16-21 and 22-27) gained in the recovery, contrary to the national trend of decreasing employment rates for these age groups. Unfortunately, older workers too bucked the trend: nationally they made small gains, but in NYC they fared worst of all age groups. While NYC's job growth outpaced the nation's early in the recovery, in [...]

2020-11-13T14:48:30-05:00July 20th, 2011|Economic Outlook, Economic Trends & Policy, Labor Market & Workforce, Press Releases, Reports, Briefs and Presentations|
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Governor Cuomo’s Fiscal Policies: How Will New York’s Economy Be Affected?

June 24, 2011. Governor Cuomo won a great political victory in getting his 2011-2012 budget adopted on time and with very few changes. And it now looks like the Legislature will be enacting - again with very few changes - the very tight cap on property tax levies that the Governor spelled out during his 2010 campaign. This brief examines how the New York economy fared, compared to other states, under the more balanced fiscal policies of recent years. But dramatic cuts in spending can [...]

2020-11-13T14:50:33-05:00June 24th, 2011|City Budget, Economic Outlook, Economic Trends & Policy, Reports, Briefs and Presentations, State Budget, Tax & Budget, Tax Policy|
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Proposed New York property tax cap is much more restrictive than the Massachusetts cap after which it is supposedly modeled

June 22, 2011. No lawmaker or taxpayer should be one bit reassured by the Massachusetts experience with a tax cap. New analysis from FPI's Frank Mauro shows what a New York-style tax cap would mean if it had been in effect in Massachusetts over the last decades. Property tax revenues would be less than half what they are today, with devastating implications for the entire array of locally-funded public services. Read report >>

2012-03-06T12:16:03-05:00June 22nd, 2011|City Budget, Reports, Briefs and Presentations, Tax & Budget|
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Brooklyn Labor Market Review – Spring 2011

June 22, 2011. Prepared by FPI  for the Brooklyn Chamber of Commerce, the latest issue of the BLMR looks at immigrant entrepreneurs in Brooklyn by sector. The report finds that there are nearly 14,500 Brooklyn immigrant small businesses across a range of sectors from construction to restaurants, grocery stores, child care services and doctors' offices.

2020-11-13T14:48:30-05:00June 22nd, 2011|Economic Outlook, Economic Trends & Policy, Labor Market & Workforce, Migration, Reports, Briefs and Presentations|
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Proposed Cap Does Not Address New York’s Property Tax “Problem.”

June 15, 2011. A deeper look at the data used to support the proposed cap shows that New York's real tax problem is that hundreds of thousands of low, moderate and middle income families are already paying inordinate shares of their income in property taxes on their primary residences. Only a middle-class Circuit Breaker can provide effective relief for these families in a targeted and cost-efficient manner. Analysis >> and Omnibus Consortium release >>

2012-03-06T12:17:35-05:00June 15th, 2011|City Budget, Reports, Briefs and Presentations, Tax & Budget|
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Incorrect diagnosis of New York’s property tax “problem” will lead to a remedy that is likely to do more harm than good

June 10, 2011. Massachusetts' experience with Proposition 2½ does not support the claim that a cap of the type proposed by Governor Cuomo is workable let alone desirable. If a hard cap of the lesser of 2 percent or the rate of inflation, with no overrides, had been in effect in Massachusetts since 1981-82, that state's property tax revenue would be about 60 percent less than it currently is. The Governor's proposed cap would undermine the quality of the entire array of locally funded public [...]

2012-04-30T22:41:51-04:00June 10th, 2011|City Budget, Reports, Briefs and Presentations, Tax & Budget|
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Wrenching Choices for New York City’s Working Families: Child Care Funding Slashed as Need Grows

May 11, 2011. Right now, the need for subsidized child care among low-income families is five times as great as what the city funds. The Executive Budget will cut child care funding considerably below the annual average level for 2008-2010, and further shifts $13 million in costs to low-income families in the form of co-pays. This brief details the impact on working families and child care providers - noting that single parents, whose households include 60 percent of the children in low-income families, will be [...]

2020-11-13T15:11:23-05:00May 11th, 2011|Reports, Briefs and Presentations, Social Policy|
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Top ten reasons a living wage makes sense for New York City

May 5, 2011. Among the reasons to support an expanded living wage: the rising educational attainment yet falling real wages of New York City’s low-wage workers, and a sharp rise over the past two decades in the number of working poor. The City Council will hold a hearing on May 12 on legislation to extend the city’s living wage law to cover large subsidized economic development projects. Press release and policy brief.

2020-11-13T14:58:54-05:00May 5th, 2011|Economic Trends & Policy, Labor Market & Workforce, Press Releases, Reports, Briefs and Presentations|
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New York State’s economic rebound is leading the nation

March 25, 2011. New data from the U.S. Commerce Department's Bureau of Economic Analysis show that New York State led all states in 2010 in the growth in net earnings. This issue of "Numbers that Count" shows that New York grew fastest and second fastest in terms of net earnings and personal income respectively, well ahead of the national averages.

2020-11-13T14:48:30-05:00March 25th, 2011|Economic Outlook, Economic Trends & Policy, Reports, Briefs and Presentations|
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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 [...]

2012-03-16T21:45:22-04:00March 23rd, 2011|Reports, Briefs and Presentations, State Budget, Tax & Budget, Tax Policy|
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