New York Governor to Wealthy Who Fled Her State Because of Taxes: Please Come Back

Albany, NY – Governor Kathy Hochul is raising concerns over the financial impact of wealthy residents and major businesses leaving New York, pointing to migration to lower-tax states like Florida and Texas as a growing threat to the state’s revenue base. In recent remarks, Hochul acknowledged that shifting work patterns and tax competition are reshaping where high earners choose to live and pay taxes.

The governor said New York’s reliance on high-income taxpayers to fund public programs has made the state particularly vulnerable to these departures, especially as remote work allows more flexibility in residency.

New York Gov Kathy Hochul is begging wealthy people...