Center for NYC Affairs

In testimony before lawmakers, James Parrott criticizes Gov. Hochul’s $165M UI debt bailout, calling it "blowing a kiss" on the problem. He also warned that without real reform, New Yorkers will pay an extra $400M in interest. Read more: 🔗 centernyc.org/reports-briefs… #NYSBudget

Last week, George Sweeting testified on NYS’ FY 2026 budget proposals. He critiqued the Inflation Refund Credit (IRC) as inefficient and urged lawmakers to expand the child tax credit and adjust personal income tax (PIT) brackets. Read more: 🔗 centernyc.org/reports-briefs… #TaxReform

Written by Mohamed Obaidy, the CNYCA Feb. Economic Update discusses how the top 3% of wage earners have seen their income soar, while low-wage workers are falling further behind. It's time for more balanced tax policies📢 Read more: 🔗 centernyc.org/reports-briefs… #IncomeInequality

New York City ended 2023 with slow job growth; Employment rates surpassed pre-pandemic levels for Black and white (but not Hispanic) workers
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Here’s a case for making communal living an answer to the city’s housing crunch and an antidote to a vacant commercial property doom loop.
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