Wouldn't it be nice if there were a mechanism to keep your property
taxes in line with your income? Proposed bill would cap property taxes based
on homeowner's annual income. About 340,000 upstaters could benefit.
April 29, 2008.
PILOT would just subsidize resort. An op ed by John K. Mullen, a professor
of economics and finance at Clarkson University, in the Adirondack Daily
Enterprise.
Social inequality and injustice form another sin. A glance around the
city and the state makes the point quickly enough.
Underlining that reality is a new study by an Albany-based research
group, the Fiscal Policy Institute. It shows that the gap between rich and
poor in New York State keeps widening. A chasm is more like it. In the late
1980s, the study said, families in the top 20 percent of earners made about
seven times as much as those in the bottom 20 percent. By the middle of this
decade, they were making about nine times as much.
April 16, 2008. Pols call for hedge
fund taxation. Bloomberg, New York Metro.
New York - Six New York City Council members endorsed a proposal to
extend the city’s tax on unincorporated businesses to include private equity
and hedge fund managers, saying it would raise as much as $225 million.
The lawmakers joined with janitors representing the Service Employees
International Union, members of the Working Families Party and the laborfunded
Fiscal Policy Institute to call for the taxation of performance fees managers
take.
April 10, 2008.
An Agent of Change in an Age of Chaos. A podcast by Sam
Roberts, New York Times. In a
tribute to Barry Gottehrer,
Sam alludes to FPI's recent report,
Pulling Apart, to show that problems facing
the city - unmasked more than forty years ago by Gottehrer's award-winning reporting
for the Herald Tribune - still persist today despite greater public order.
February 22, 2008.
Bush budget stiffs New York: report. President George Bush's 2009 budget
could cost New York State $1.7 billion in federal support, according to the
Fiscal Policy Institute. By Tommy Fernandez,
Crain's New York Business.
The Fiscal Policy Institute has an easy remedy for Gov. Eliot L.
Spitzer's decision to trim aid increases he promised schools as part of a
four-year plan. The institute calculates that the slowdown would cost Buffalo
$5.6 million. That's a lot of teachers, books and other necessities in a
district with lots of poor students - in both senses of the word.
The answer: temporarily increasing the top income tax rates on the
state's highest earners, as the Legislature did in 2003 when it passed a
three-year surcharge over the veto of then-Gov. George E. Pataki.
Granted, it's a radical notion, expecting those with the most to help
those with the least.
But Frank Mauro, institute executive director, recalled Pataki singing
the same "sky will fall" song the well-off always sing when we talk about
helping poor kids. The threat was that raising taxes on those who benefit most
would slow the economy and make people flee the state.
"Neither of those things happened," Mauro said at last weekend's New
York State Association of Black & Puerto Rican Legislators conference in
Albany.
...
Beyond dealing with the current problem, Mauro said, a permanent
surcharge on the highest earners also would reduce property tax pressures on
low-and middle-income homeowners. That would be a permanent benefit.
The non-partisan Fiscal Policy Institute endorsed the circuit breaker
concept as a mechanism for temporary tax relief. But in doing so, it also
called on the state to stop shifting the tax burden to local governments and
to enact systematic changes in fiscal policy to correct what created the high
taxes.
January 31, 2008.
多团体发起移民教育运动.The
Epoch Times (Australia).
January 31, 2008.
Tax reform long overdue. A letter to the editor by
Robin Vaccai Yess, Middletown Times Herald-Record.
Funding schools through property taxes is inequitable, unfair and
unrelated to a person's ability to pay. Until it changes to an income-based
tax to fund schools, our seniors and young families will continue to be forced
out.
It's a two-part problem - the funding mechanism and school district
spending. If district budgets continue to rise by more than twice the rate of
inflation, the tax must continually increase. So, yes, we need a different,
equitable method to fund schools, but school spending must simultaneously be
brought under control.
The commission should seek help from the Fiscal Policy Institute, the
Public Policy Institute and the numerous tax reform groups throughout the
state for tax reform solutions that have already been developed. Many members
of the Assembly and Senate, who are paid with taxpayer dollars, have drafted
proposed legislation.
January 17, 2008.
We Want Higher Taxes. [Thanks Jay for the snappy headline. What we really
want is to take a fresh look at rolling back all the tax cuts enjoyed by those
with the highest incomes - in order to ease the pressure of property taxes as
well as income taxes on those of more modest means.] By Jay Jochnowitz, Capitol
Confidential.
Immigration is much more a blessing than a problem in New York. New
immigrants have made a marked contribution to virtually every community in
Queens. In Jackson Heights, Elmhurst and Flushing, immigrant-owned businesses
have flourished, creating jobs and raising property values. These businesses pay
taxes that enable the city to build schools and pay for health care for the
poor.
December 5, 2007.
25% of NYC construction jobs are 'off the books.' The fiscal costs to
taxpayers were $489 million in 2005 and are likely to reach $557 million in
2008, according to a report. By Tom Frederickson, Crain's New York Business.
FPI's study concluded that immigrants contributed $229 billion to the
New York state economy in 2006; that's about 22.4 percent of the state's GDP.
According to David Dyssegaard Kallick, an author of the report, "These
figures should wipe away any impression that immigrants are holding the New
York economy back; in fact, immigrants are a central component of New York's
economic growth."
November 27, 2007.
City of immigrants. An editorial from the New York Daily News.
New York's burgeoning immigrant population is helping to build just what
this city needs to prosper: a thriving middle class. So says a new study that
examined in detail the economic impact that the foreign-born are having on the
Big Apple.
Any way the Fiscal Policy Institute researchers sliced the data, they
found the city's 3 million immigrants - legal and illegal - are pulling their
load. The researchers also uncovered how the immigrants have become deeply
woven into the fabric of life.
...
The numbers add up to the fact that the 3 million New Yorkers born
overseas have had surprisingly positive impacts on a city whose neighborhoods
would wither without them. They are opening large numbers of small businesses,
and more than half have become U.S. citizens. They can vote and they will
surely remember politicians who play on nativist fears.
October 1, 2007.
Feeling budget pinch: Spitzer says Wall Street uncertainty and the lack of a
budgetary surplus mean frugal times, with fewer programs and less spending.
By James Madore, Newsday.
September 11, 2007.
Economy here beats the state. By Diana Ladden,
The Independent (covering Columbia and southern Rensselaer counties).
September 10, 2007. Gap
between rich and poor in America ever-widening: Though many still see this as
the land of opportunity, the promise of the good life is fading. By Leigh
Donaldson, Maine Today.
September 9, 2007. There is some hope
on the local job front. By David Robinson, Buffalo News.
September 3, 2007.
A day to celebrate America's laborers. An editorial from the Troy
Record.
September 3, 2007.
Jobless rate up slightly for Broome and Tioga: Local figure still lower than
state, U.S. averages. By Doug Schneider, Binghamton Press & Sun
Bulletin.
September 3, 2007.
Upstate economic picture brightens: Wages, job creation figures show 2006 was
stronger, report says. By Jay Gallagher, Elmira Star-Gazette.
September 2, 2007.
Labor of Love. By Dwayne Kroohs, Kingston Daily Freeman.
September 1, 2007.
State Of NY Labor. By Jay Jochnowitz, Capitol Confidential.
The Fiscal Policy Institute today released
State of Working New York 2007, its annual report on how workers are
faring in the Empire State.
The findings were mixed, with wages, median income, and job growth all
up last year, but pay not keeping pace with increases in productivity, wages
still not back up to their 2002 levels, top earners benefiting more than
those further down the scale and more families falling into the category of
working poor.
The report also found employers relying more on independent
contractors, the result being that fewer working people are receiving health
and other benefits they would traditionally have gotten as employees.
The report recommends raising the minimum wage to $8.25 in 2007
dollars, a level it says would be a “fair permanent standard,” requiring
that Industrial Development Agency incentives be keyed to creating good
jobs, more focus in economic development on jobs for New York’s
well-educated workforce, cutting property taxes and relying more on income
tax to pay for government.
It also urges the state to move quickly on ways to trim health care
costs and look at universal coverage, rein in the use of independent
contractors, and increase unemployment benefits and basic welfare grants.
September 1, 2007.
Reports differ on state's economy: Fiscal Policy Institute says New York's
productivity is best in U.S.; Business Council says state lagging. By
Chris Churchill, Albany Times-Union.
September 1, 2007.
Wages in New York up by 1.7%: First rise in 4 years; report upbeat on jobs.
By Jay Gallagher, Rochester Democrat & Chronicle.
September 1, 2007.
Regional economy is healthy. By Michael Hill (AP), Middletown Times
Herald-Record. Also in the Troy Record:
Jobs increased, salaries inched up in state.
September 1, 2007.
Jobs, wages rise; problems remain: Upstate job growth of 0.9% best in a
decade. By Jay Gallagher, Binghamton Press & Sun-Bulletin.
July 24, 2007.
U.S. hikes
minimum wages. The U.S. government raised the minimum wage by 70¢
to $5.85 today, the first increase in 10 years. The federally mandated
wage hike is the first of three that will push the minimum wage to $7.25 by
2009. Reported by Jeanne Yurman of Reuters.
September 4, 2005.
Stagnant wages mar
Labor Day. Commentary on the State of Working New York 2005 by
business reporter and columnist David Robinson in the Buffalo News.
(PDF)
September 4, 2005.
In Manhattan, Poor Make 2¢ for Each
Dollar to the Rich. Sam Roberts of the New York Times reports on new analysis conducted by Professor
Andrew Beveridge of Queens College, and compares it to findings
of the Fiscal Policy Institute and others. (HTML)
September 4, 2005.
Little in the Middle. An op ed by FPI
Senior Fellow David Dyssegaard Kallick, New York Times.
October 29, 2000. Evaluation of Tax Cut Proposals of U.S. Senate Candidates Rick Lazio and
Hillary Clinton. FPI Executive Director Frank Mauro and Governor Pataki's
Chief Economist, Stephen Kagann, reach different conclusions in op eds
published together in the New York Daily News. To
read what Mauro and Kagann think about the Clinton and Lazio proposals, click here.