December 19, 2001. Tax
Breaks Won't Help, Public Investment Will.
(New York) Daily News Op Ed by David Dyssegaard Kallick and James Parrott on the
rebuilding of Lower Manhattan.
Economic Impact of the September 11 Terrorist Attacks and Strategies for
Economic Rebirth and Resurgence. James Parrott,
December 6, 2001. (in PDF.)
Do Tax Increases in New
York City Cause a Loss of Jobs? A Review of the Evidence. A preliminary analysis by
Moshe Adler, Oliver Cook and James Parrott for review and comment. Presented by
Moshe Adler at the New York State Network for Economic Research conference, Albany, December 5, 2001. (December 11, 2001, revision in PDF)
World Trade Center Impacts
Take a Heavy Toll on Low Wage Workers. Zofia Nowakowski's presentation to a New York State
Network for Economic Research conference, Albany, December 5, 2001. (in
PowerPoint)
TANF REAUTHORIZATION
November 6, 2001: Center on Budget and Policy Priorities
paper by Joseph Stiglitz, Professor of Economics at Columbia University and winner of the
2001 Nobel Prize in Economics, and Peter Orszag of the Brookings Institution: "Budget
Cuts vs. Tax Increases at the State Level: Is One More Counter-Productive than the Other
During a Recession?"
World Trade Center Job Impacts Take a Heavy
Toll on Low-Wage Workers: Occupational and Wage Implications of Job Losses Related to the
September 11 World Trade Center Attack. November 5, 2001.
The Employment Impact of
the September 11 World Trade Center Attacks: Updated Estimates based on the Benchmarked
Employment Data. March 8, 2002.
Economic Impact of the September 11 World
Trade Center Attack. Preliminary Report. September 28, 2001.
Testimony of FPI Senior Economist Moshe
Adler to the President's Commission to Strengthen Social Security. September 2001.
Testimony of FPI Executive Director Frank Mauro
to the President's Commission to Strengthen Social Security. September 2001.
Despite good economic times of
the last several years, 2.5 million New Yorkers continue to live in poverty. Trudi
Renwick. September 25, 2001.
Labor Day 2001: The Fiscal Policy
Institute releases The State of Working New York
2001: Working Harder, Growing Apart.
New York families need incomes well above "poverty level" to make ends meet.
37.5% of New York families with young children do not earn enough to afford basic
necessities. FPI compares the results of new
national study by Economic Policy Institute to the New York State Self Sufficiency
Standard released last Fall (July 24, 2001).
- Click here for an Excel spreadsheet showing EPI's
calculations of the basic budgets necessary for families of different sizes to live in
each of New York State's metropolitan areas.
Comments of the Fiscal Policy Institute on NYS's proposed
regulations on exceptions to 5-year time limits under TANF. Frank Mauro. July 6,
2001
A Giveaway
to Landlords: FPI's critique of the proposal to reduce the NYC commercial rent tax. Moshe Adler and James Parrott. June 8, 2001.
Open Letter from over
80 New York
economists in support of an increase in the state minimum wage from $5.15 an hour to$6.75
an hour (June 8, 2001).
FPI economist Trudi Renwick's May 15, 2001
analysis of TANF spending in New York, presented at a
briefing for state officials on the proposed Empire State Jobs Program.
The briefing was organized by the Fiscal Policy Institute and the other members of the Campaign
for the Empire State Jobs Program - a transitional employment program that would
provide work experience, training and other needed support services to public assistance
recipients with serious barriers to employment and little or no paid work experience,
particularly those who are close to reaching the five-year time limit on family
assistance. Other materials from the briefing include:
- (Albany)
Times Union:
"Jobs urged as welfare deadline looms"
"A Preliminary Analysis of the Impact of President George
w. Bush's Tax Cut Proposals on New York State," April 10, 2001.
New York's income tax system among the best for low-income
working families in 2000. Most of the relief for these families comes from
the EITC enacted in 1994, while the income tax rate cuts enacted in 1995 cost billions but
provide very little help.
New York State Leaves Millions of Dollars Unspent for
Anti-Poverty Efforts for State's Poor Families. A new report from the National
Coalition for Jobs and Income Support, "Poverty Amidst Plenty 2001,"
found that despite historically high child poverty rates, New York and forty-five other
states and the District of Columbia are holding more than $8 billion in unspent Temporary
Assistance to Needy Families (TANF) funds.
Minimum wage hike would boost workers left behind by the
economic expansion. The current proposal to increase the Federal minimum wage by
$1.50 in 3 steps between now and 2003 would directly benefit more than 520,000 New York
workers. Click here to download
an MS Word version of the press release issued on February 7, 2001.
The Fiscal Policy Institute's analysis of Governor Pataki's
2001-2002 Executive Budget. For a PDF version of
Balancing Revenues, Expenditures and Human
Needs in the 21st Century: Assessing New York's 2001-2002 Executive Budget in
Economic, Social and Fiscal Context, click here.
For a PDF version of Michael Mazerov's presentation at FPI's Eleventh
Annual Budget Briefing, The "Single Sales Factor" Formula for State
Corporate Taxes: A Boon to New York Economic Development or a Costly Giveaway?,
click here.
SCHOOL FINANCE REFORM. On January 10,
2001, the Campaign for Fiscal Equity, a coalition of
parent organizations, community school boards, concerned citizens and advocacy groups won
a major victory at the State Supreme Court in their challenge to the way in which New York
State funds elementary and secondary education. In his 180-page decision, Justice
Leland DeGrasse gave the New York State legislature until September 15, 2001, to draw up a
new funding system that meets the following five requirements: 1. Ensuring that
every school district has the resources necessary for providing the opportunity for a
sound basic education. 2. Taking into account variations in local costs. 3. Providing
sustained and stable funding in order to promote long-term planning by schools and school
districts. 4. Providing as much transparency as possible so that the public may understand
how the State distributes School aid. 5. Ensuring a system of accountability to measure
whether the reforms implemented by the legislature actually provide the opportunity for a
sound basic education and remedy the disparate impact of the current finance system.
For those who may be interested, back in January 1999, the Fiscal Policy Institute
released a report that set forth and analyzed a plan for reforming New York State's system
of financing its schools that covers the aid formula part of Justice's DeGrasse's
requirements. This plan was developed by FPI in an attempt to
"operationalize" the Campaign for Fiscal Equity's "Statewide Fair Funding
Principles for a Sound Basic Education."
To
download a Word version of this report, please click here.
January 8, 2001.
New York Stock Exchange Subsidy Deal: Testimony at the Urban
Development Corporation's public hearing on its proposal to take several
buildings by eminent domain to assemble a site for the construction of a
new trading facility for the New York Stock Exchange.
Testimony by James Parrott
and testimony by Alice Meaker of Good
Jobs New York.
Good
Jobs New York is a joint project of the Fiscal Policy Institute and
Good Jobs First.