Tag: Migration

E.J. McMahon, research director at the Empire Center for Public Policy, had presented estimates to the joint legislative fiscal committees earlier this year on the potential consequences of departures. He predicted that if the state lost 10% of residents with median adjusted gross income of more than $10 million, New York would lose $265 million in tax revenue, more than the entire state-funded budget for the Department of Environmental Conservation. (The total state budget is $175 billion.) Read More

Government watchdog E.J. McMahon, of the Empire Center, warned that the Amazon ordeal would be noticed by other firms. “The Amazon fiasco definitely sent a signal, and it’s not a good signal from multiple angles,” McMahon said. “Governor DeSantis couldn’t have picked a better time to work on poaching New York businesses, especially high earners in finance. More than a few will no doubt find it tempting to at least listen to Florida’s pitch.” Read More

The Empire Center closely tracks demographic trends, on both a statewide and regional basis, as the ultimate indicator of the state’s attractiveness as a place to live, work and raise a family. Here are links to some of our recent reports on the subject. Read More

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The Empire Center is an independent, non-partisan, non-profit think tank located in Albany, New York. Our mission is to make New York a better place to live and work by promoting public policy reforms grounded in free-market principles, personal responsibility, and the ideals of effective and accountable government.