Budget Watch

If New York’s Economy Slows, Reality-Based Budgeting Must Prevail

By James Parrott

While a recession doesn’t appear to be around the corner, the local economy certainly seems to be shifting into a lower gear. How should City Hall respond? Before budget axes start swinging, let’s keep some facts about City spending and headcount in mind.

Monitoring the Minimum Wage: Brief 4 on How Businesses are Adapting to the Increasing Minimum Wage

By James Parrott

CNYCA partners with the Workforce Field Building Hub, an initiative of the NYC-based Workforce Professionals Training Institute (WPTI) on the Monitoring the Minimum Wage issue brief series. The briefs are intended to track the implementation of the $15 minimum wage in New York City by engaging businesses, workers and workforce practitioners, and by assessing the impacts in other jurisdictions around the country.

Monitoring the Minimum Wage: Brief 4 on lessons from other cities is available here.

Previous issues in the series are available here.

POLICY UPDATE | BUDGET WATCH

Policy Update: Reforming City Property Taxes

By James A. Parrott, PhD

New York City's property tax system imposes a deeply unfair burden on low-income households.

READ ARTICLE HERE

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NEWS BRIEF | CHILDREN, YOUTH & FAMILIES | BUDGET WATCH

Impact of the Federal Tax law on New York City Testimony to the Finance Committee of the NYC Council

By James Parrott

This piece is part of an ongoing project to examine how budget cuts may affect children and families in New York.

READ THE CENTER'S TESTIMONY

BRIEF | BUDGET WATCH

Proposed Budget and Tax Plans Harm New York’s Children

By James Parrott

Things are really starting to get ugly in our nation’s capital. The adoption by the House and Senate of a budget resolution moves the day of reckoning a big step closer.

Some of the worst-hit states would be those that turned out in force to put Donald Trump in the White House and are aligned with the GOP congressional majority.

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Beyond Balance: Forward-Looking Budget Priorities for New York City

By James Parrott

New York City Taxes Ripe for Reform

By James Parrott

The City of New York taxes its wealthiest residents much less than middle- and low-income residents, and state and local officials should fix three major City tax breaks that expire this year, according to a new report from the Fiscal Policy Institute (FPI). In a sweeping report that reviews decades of tax changes and trends, FPI pinpoints inequities, tallies the cost of broken tax breaks, and urges tax reforms that reflect today’s economy and current challenges. A report summary is also available.