Written by Michael Moran on October 29, 2009 – 6:55 am
New York’s population loss is a serious threat to the state’s economy, according to an editorial in The New York Post.
The Post writes: “As Gov. Paterson and legislative lead ers meet today to tackle a multibil lion-dollar budget shortfall, they should note a new report’s warning: New Yorkers are fleeing in droves — and it’s wreaking havoc with the public fisc.
The report, by the Empire Center for New York State Policy, shows that some 1.5 million people left the state between 2000 and 2008 — including 1.1 million from New York City alone.
And they took their tax dollars with them: In 2006, for example, the state lost some $4.3 billion from newly turned ex-New Yorkers.
Actually, folks have been fleeing for years: In 1950, New Yorkers represented nearly a tenth of the nation; now they make up less than a fifteenth.
It’s cost the state a fortune.”