The Trump admin seems to think providing home care is too expensive. But cutting it would be extremely unpopular.
Instead, they are trying to achieve that policy objective through executive action, by making unfounded allegations of widespread fraud.
"The Fiscal Policy Institute found that the wealthiest New Yorkers leave at 1/4th the rate of other New Yorkers" —Mayor Mamdani
Read the full remarks from the Tax Day policy forum with economists Gabriel Zucman and Joseph Stiglitz nycpolicyforum.substack.com/p/tax-the-rich
This is an important step toward addressing NYC's affordability crisis. But it cannot stem the current budget shortfall or enable needed investment in infrastructure.
Lawmakers must to look toward broad-based solutions such as the personal income & corporate tax. fiscalpolicy.org/statement-on...
If you missed our event on "Enforcing the Affordability Agenda" w/ Bhairavi Desai (Taxi Workers Alliance), Rich Maroko (Hotel Gaming & Trades), Izzy Melendez (SEIU), Sam Levine (DCWP), & Stephanie Luce (CUNY SLU), the video & excerpts are now on our substack!
open.substack.com/pub/nycpolic...
Map showing the percentage change in the number of SNAP participants between July 2025 and December 2025 in each state.
Last July, the Republican megabill (H.R. 1) enacted the deepest SNAP cuts in history. Today, we're releasing a tracker of how many people in each state are losing the SNAP benefits they need to afford groceries. www.cbpp.org/research/foo...
Three main issues with the council's plan:
—Expense reestimates not adding up to total purported savings
—Eliminating a large number of jobs through $2B in vacancy reductions
—Assuming state aid that has not been committed
NYC City Council balances the budget through optimistic assumptions, fuzzy math, and dramatic staffing reductions.
The plan assumes $3.5B in reestimates and imposes $2B in spending cuts that it claims will not affect services.
fiscalpolicy.org/statement-on...
In a letter threatening to withhold Medicaid funding from the state, Dr. Oz asserted that 5.1 million people in New York received home care in the first part of 2025. There is no evidence for this.
Either CMS officials know very little about Medicaid, or they have intentionally mishandled the data.
On "No Tax on Tips" in the State budget:
We think it should be rejected.
Both houses of the legislature have put forward plans to shore up the city, so it is very counterproductive to put things that erode the city’s tax base on the table.
experts across the ideological spectrum—including typical Mamdani allies @nyfiscalpolicy.bsky.social —have called "no tax on tips" unfair and potentially harmful to workers by undermining efforts to raise wages.
Indeed, business groups like the NYC Hospitality Alliance support it.
"Even without raising taxes in this fiscal year, the state is in a position to completely protect this entire population."
New York City's “Rental Ripoff” hearings are giving tenants a chance to report hazardous conditions and hidden fees directly to city leaders. @emmurpheis.bsky.social says the effort signals a shift toward taking tenant concerns seriously and finding solutions to make housing more affordable.
Text of graphic: Did you know? The Republican megabill enacted the deepest SNAP cuts in history in July 2025. By December, 2.5 million fewer people were receiving SNAP benefits.
New USDA data show 2.5 million fewer people participated in SNAP in December compared to July, when the Republican megabill (H.R. 1) enacted the deepest SNAP cuts in history. This is only the beginning — even more people will lose SNAP as the full brunt of these cuts take effect.
Federal approval of the Essential Plan transition frees up $2.5B in state funds—more than enough to prevent 470K New Yorkers from losing health insurance.
Instead, both one-house budgets prioritize provider rate hikes. Why? Michael Kinnucan explains:
fiscalpolicy.org/the-one-hous...
Now that the federal government has approved shrinking the Essential Plan—New York must use the newly available $2.5B to prevent the largest and most rapid loss of access to healthcare in state history. fiscalpolicy.org/statement-on...
@nyfiscalpolicy.bsky.social has a simple, easy solution to an enormous horrible problem: half a million New Yorkers losing their healthcare starting in 4 months. The money is right in front of us. It would be obscene to let this happen
fiscalpolicy.org/statement-on...
Screenshot of a table from page 2 of Fiscal Policy Institute's recently released report "The Legislature Proposes Ambitious, Progressive New Revenue," by Andrew Perry (March 16, 2026). -- The title of the table is "Summary of major state tax proposals in the executive and legislative budgets." This table shows a comparison of the respective proposals among the three parties negotiating the NYS budget, namely— • The governor (shown in the table as the "Executive"); • The NYS Senate; and • The NYS Assembly. -- The types of revenue-raising proposals are organized by row; the proposals of each party are organized by column, with FPI's recommended choice among the respective proposals of three parties noted in the right-most column. -- Six types of key revenue-raising proposals are identified: • Corporate tax • Personal income tax • PTET credit • Gold sales • Fossil fuel sales • Small business stock gains -- What's most notable (to me) about the contents of the table are the four following points: (1) Among these six categories of revenue-raising proposals, the governor has proposed only one: a modest extension of the current corporate tax rate for 3 years, which would raise (only) $1.3 billion. (2) The Assembly's proposals would raise a combined $1.9 billion, which would derive solely from raising the corporate tax rate for corporations with annual income above $10 million. (3) The Senate's proposals would raised a combined $5.6 billion, which would derive from all six types of revenue sources shown (but a majority of which would derive from raising the corporate tax rates for corporations with annual income above $5 million and personal income tax rates for individuals with annual income above $5 million). (4) FPI recommends the Senate proposal.
@nyfiscalpolicy.bsky.social makes clear where NY's Governor, Assembly, and Senate stand on revenue proposals:
1️⃣ Hochul's proposal is disastrous.
2️⃣ The Assembly's proposal isn't far behind.
Upshot: To prepare for next year, we *must* win our Assembly primaries. 🧵
fiscalpolicy.org/wp-content/u...
Thursday at noon, join FPI's virtual briefing on legislative plans for revenue in NYC and NY State.
Covering:
—Taxes in the one-house budgets
—Affordability needs
—NYC’s fiscal imbalance
—Executive, Senate, and Assembly plans to support NYC
RSVP:
fiscalpolicy.org/event/briefi...
On Monday at noon, FPI will host a virtual briefing to discuss key issues in the NYS healthcare budget including:
· Provider rates
· MLTC
· The Independent Dispute Resolution process
· Preventing coverage loss.
RSVP — fiscalpolicy.org/event/techni...
The Essential Plan cliff will render 470,000 New Yorkers uninsured.
The one-house budgets make no plans to address it. (From this evening's @politico.com Playbook PM)
FPI rightly sees the legislature's lack of action on these two huge budget-holes as "negligence" and "catastrophic."
If the state government doesn't address this in the budget deal, hundreds of thousands of people in New York State will lose health care coverage.
fiscalpolicy.org/statement-on...
@nyfiscalpolicy.bsky.social is right: neither the NYS Assembly nor Senate's one-house budget has a plan to prevent—
• 470,000 people from losing health coverage via the state's "Essential Plan" in July; or
• Doubling of the un-insurance rate from 5% to 10% due to Medicaid cuts starting next year.
Wrongly:
· Reverse revenue gains through upper middle-class tax cuts
· Fail to fix the Essential Plan cliff or looming Medicaid cuts.
Without action, uninsurance could double. Albany must act now.
New York legislature’s FY27 one-house budgets
Rightly:
· Tax high-earners & corporations to fund healthcare, education & childcare.
· Grant taxing authority to NYC (closing gaps but falling short of @mayor.nyc.gov's affordability mandate.)
fiscalpolicy.org/statement-on...
Announcement: Executive Director Nathan Gusdorf will depart FPI to pursue a new opportunity as Deputy Director of Policy, Planning, and Delivery at @nycbudget.bsky.social. Dr. Eisner, currently FPI’s Chief Economist, has been appointed Acting Executive Director while the board plans a transition.
Panelists are talking about Mamdani's promise to build 200,000 units of affordable housing over the next decade.
Emily Eisner of @nyfiscalpolicy.bsky.social: 200,000 is the minimum # of units we need to build in the city. The city would need to take on a lot more debt to do this.
nysfocus.com
Curious about the state budget? Join FPI's virtual briefing tomorrow at noon. We'll dive into NY's fiscal & economic outlooks, federal cuts, universal childcare, foundation aid, Medicaid & SNAP after the OBBBA, and the NYC budget. us06web.zoom.us/webinar/regi...
The rent is too damn high! Tomorrow night FPI chief economist @emmurpheis.bsky.social joins @aarmlovi.bsky.social and Sam Mellins at Judson Memorial Church to discuss housing under Mamdani
Don't miss @ngusdorf.bsky.social in conversation with Josh Wallack, who helped deliver Pre-K for All to New York--covering the de Blasio Pre-K experience, voucherization, universal provision, private providers, & the Hochul-Mamdani childcare announcement.
nycpolicyforum.substack.com/p/how-to-get...
