Gov Cuomo Is Desperate To Get New Yorkers Back.
New York Governor Cuomo fumbled when it comes to his handling of the Corona Virus. He has some of the strictest guidelines for dealing with this pandemic, yet his state had the highest number of deaths and incidents of COVID. But COVID was only the tip of the iceberg. New York has also been plagued by rioting from BLM and the defund the police movement. Mayor DeBlasio pandered to them big time cutting the police budget and having 5th Avenue in front of Trump Tower painted with a big "Black Lives Matter Sign." So with the police resigning after budget cuts, the increase of crime with the riots, and COVID running rampant, it's only rational that many New Yorkers got out of Dodge. But now with tax season looming New York is realizing the mess they are in.
"The Post found that 295,103 New Yorkers filed change of address requests from March 1 to Oct. 31."
"The lack of real estate sales and apartment rentals have contributed to a massive drop in tax revenue. The Real Estate Board of New York released a report last week that New York City and state have collectively lost $1.4 billion in tax revenue so far this year.
"Investment sales and residential sales year-to-date totaled $34.5 billion, a 50% decline compared to the same time period in 2019, causing a 39% decline in tax revenue," the REBNY reported."
Cuomo talked about how he is doing his best to get New Yorkers back. "...the wealthiest residents who have long left the city: 'I literally talk to people all day long who are in their Hamptons house who also lived here, or in their Hudson Valley house or in their Connecticut weekend house, and I say, "You gotta come back, when are you coming back?"
"'We'll go to dinner, I'll buy you a drink. Come over, I'll cook."
'They're not coming back right now. And you know what else they're thinking? If I stay there, I pay a lower income tax because they don't pay the New York City surcharge,' he said."
"A single percent of New York’s population pays half of the state’s taxes and they’re the most mobile people on the globe," Cuomo explained.
Can you really blame New Yorkers? They should be moving away as fast as they can. New York clearly leans way too hard on their rich and they would be better off in other State for numerous reasons. I don't think dinner or drinks is going to cut it and now with Biden threatening to take the helm, this is no time to be wasting money.