New York budget disaster further fueling exodus from Empire State

1. New York Governor Andrew Cuomo announced this month that the Empire State faces a surprise hole in its budget to the tune of $2.3 billion.
2. Indeed, the Empire State is the number one state earners making over $200,000 are leaving and New York City’s middle class now represents a minority of its residents.
3. Instead, the Cuomo conveniently blamed President TrumpDonald John TrumpRosenstein expected to leave DOJ next month: reports Allies wary of Shanahan's assurances with looming presence of Trump States file lawsuit seeking to block Trump's national emergency declaration MORE and the Republican tax cuts for the shortfall.
4. New Yorkers pay an average of 12.7 percent of their income in state and local taxes, a larger percentage than residents of any other state, and face some of the highest property taxes in the nation.
5. Even worse for Cuomo, the budget decline was after a number of gimmicks he put in place to hide New York’s poor state of finances.
6. Despite his promise to hold spending below 2 percent annual growth, over the last three years Cuomo has only been able to claim this through budget sleight of hand.

https://thehill.com/opinion/finance/430530-new-york-budget-disaster-further-fueling-exodus-from-empire-state