From the NY Post:
New Yorkers are fleeing the state and city in alarming numbers -- and costing a fortune in lost tax dollars, a new study shows.
More than 1.5 million state residents left for other parts of the United States from 2000 to 2008, according to the report from the Empire Center for New York State Policy. It was the biggest out-of-state migration in the country.
The vast majority of the migrants, 1.1 million, were former residents of New York City -- meaning one out of seven city taxpayers moved out.
What's worse is that the families fleeing New York are being replaced by lower-income newcomers, who consequently pay less in taxes.
Overall, the ex-New Yorkers earn about 13 percent more than those who moved into the state, the study found.
But they will be replaced with a million more vibrant, diverse, low wage workers by 2030. Doesn't that count for something? Hey check this out from the NY Post:
If he wins a third term, Mayor Bloomberg promised yesterday to transform the city so it'll have the best public schools in the nation by 2013, a far lower crime rate, better mass transit and more waterfront and park options than ever.
Eight days before Election Day, Bloomberg outlined a vision for the future that focused on key projects and quality-of-life initiatives undertaken during his first two terms, from completing the No. 7 subway train to the Far West Side to opening two miles of new parkland along the Manhattan side of the East River.
Yet more parks for Manhattan, eh? How are you going to do all this with a shrinking tax base and the impending collapse of the commercial real estate market, financial genius?