For the better part of three years now, Gov. Cuomo has been pounding SALT — the federal income-tax deduction for state and local taxes. Read More
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
There has also been declining enrollment at New York's public colleges, mainly at its community colleges. At public schools, the 2.6 million students is the lowest in nearly 30 years, according to the Empire Center for New York State Policy. 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
New York continues to lead the nation when it comes to net outflow of residents to other states. Read More
Population totals barely budged in New York State between 2016 and 2017, according to the latest annual U.S. Census Bureau estimates. Read More
Reforms that would reduce the state’s cost burdens and improve its climate for growth. 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