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The 2011-2012 New York State Budget
For FPI analysis and commentary on state budgets for previous fiscal years,
please see the Budget
Archive. For upcoming opportunities to learn more about the budget,
please see our events and trainings page.
FPI's briefing on the 2011-2012 executive budget
February 8, 2011. New York
State's Economic and Fiscal Outlook for 2011-2012. The Fiscal Policy
Institute's 21st annual budget briefing.
Other FPI analysis and commentary: 2011-2012 budget
June 24, 2011. Governor
Cuomo's Fiscal Policies: How Will New York’s Economy Be Affected? 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 easily derail fragile recoveries; it remains to be seen whether
the state will do as well under Governor Cuomo's direction.
March 23, 2011.
A Harder Struggle,
Fewer Opportunities: The Impact of the Governor's Proposed Budget on Women,
Children and Families. 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
considering revenue actions to lessen the disproportionate reliance on spending
cuts.
March 1, 2011.
Short Term Property
Tax Relief and Long Term Tax Reform: An Omnibus Approach. Testimony of FPI's
Frank Mauro at the public hearing "Cap on Real Property Taxes" before
the Assembly Standing Committees on Ways and Means, Education, Real Property
Taxation, Local Government and Cities. A cap on real property taxes would not
effectively protect those most in need of property tax relief, and would
exacerbate inequities in our current system of public school finance. In the
short run. a property tax circuit breaker provides effective and targeted
relief. Over time, we should reform New York's state-local tax system by having
the state gradually take responsibility for the financing of a greater share of
the essential services that New York State performs through its local
governments.
February 24, 2011.
Cuomo's austerity budget will kill N.Y. jobs: Why not tax the top 5% instead of
slashing services? An op ed by Frank Mauro and James Parrott,
New York Daily News.
February 16, 2011.
Testimony at
the Joint Legislative Public Hearing on the 2011-2012 Executive Budget Proposal
- Human Services. Submitted
by Carolyn Boldiston, FPI's Senior Fiscal Policy Analyst. 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.
February 14, 2011.
Balancing the New York State Budget 2011-2012. 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.
February 14, 2011.
FPI
responds to the Partnership report: Can New York Depend on a "Millionaire’s Tax"
to Solve the Budget Crisis? 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.
(This is a revised version of a brief originally published on February 10,
2010.)
February 1, 2011.
Statement from the
Fiscal Policy Institute on the proposed Executive Budget 2011-2012. 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 residents.
Budget austerity will not put New Yorkers back to work.
January 22, 2011. Fiscal analyst calls NY
deficit exaggerated. By Michael Amon, Spin Cycle (Newsday blog).
January 3, 2011.
Fiscal Reality: Practical options for New York's budget. 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.
December 7, 2010.
The Growing Budget Burden of New York's Business Tax Expenditures.
This new report from FPI identifies $5.4 billion a year in state government
"back door" spending in the name of economic development and job creation. An
additional $2.8 billion a year is being drained from New York's local government
budgets
because of a variety of tax expenditures in state law. In these tough
budget times, these billions of dollars in business tax expenditures, which have
historically lacked transparency and accountability, must be examined carefully
- program by program - to determine whether the promised benefit is real, and if
so whether the expense entailed is justified.
Release
>> Report >>
Links to budget analysis, commentary and advocacy by other
organizations
New Yorkers for Fiscal Fairness
abetterchoiceforny.org
Citizens Committee for Children
www.cccnewyork.org
Schuyler Center for Analysis and Advocacy
www.scaany.org
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For FPI analysis and commentary on state budgets for previous fiscal
years, please see the
Budget Archive. |
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