Are you a young person thinking of moving to a happening city? Chances are New York is not even on your list of potential hotspots, and if you are already living there, then you are looking for a way out.
During recent years, both the city and the state of New York have lost residents, as waves of educated and high earning millennials have fled.
The New York City Council passed a $93 billion budget, which includes spending hikes of 6 percent for salaries, 9 percent for other employee benefits, 9 percent for debt service, 11 percent for health insurance, 12 percent for public assistance funding, and more.
This local budget also set aside a new line item for taxpayer funded abortions, an army of new social workers, and even a package for the Green New Deal.
If New York continues to lose taxpayers in droves, the city will not be able to fund its current initiatives, let alone new spending increases.
New York cut down the number of cops on the street and teachers in the classrooms, while raising subway fares and tuition for the first time in the history of the City University of New York.
The problems that plagued New York decades ago are lessons for the city today.
https://thehill.com/opinion/finance/449946-as-the-wealthy-flee-new-york-poorest-will-be-most-affected
During recent years, both the city and the state of New York have lost residents, as waves of educated and high earning millennials have fled.
The New York City Council passed a $93 billion budget, which includes spending hikes of 6 percent for salaries, 9 percent for other employee benefits, 9 percent for debt service, 11 percent for health insurance, 12 percent for public assistance funding, and more.
This local budget also set aside a new line item for taxpayer funded abortions, an army of new social workers, and even a package for the Green New Deal.
If New York continues to lose taxpayers in droves, the city will not be able to fund its current initiatives, let alone new spending increases.
New York cut down the number of cops on the street and teachers in the classrooms, while raising subway fares and tuition for the first time in the history of the City University of New York.
The problems that plagued New York decades ago are lessons for the city today.
https://thehill.com/opinion/finance/449946-as-the-wealthy-flee-new-york-poorest-will-be-most-affected
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