Governor Hochul Urges Wealthy Residents to Return to New York as Tax Revenue Concerns Grow
New York High-Net-Worth Residency and Tax Revenue·March 18 – March 20, 2026
25 days ago
Governor Hochul Urges Wealthy Residents to Return to New York as Tax Revenue Concerns Grow
Governor Kathy Hochul is asking wealthy residents who moved to Florida to return to New York. She admitted that high taxes caused many to leave. She said the state needs their tax money to pay for social programs. This admission led to criticism from Florida officials who blamed New York's leadership for the loss of residents. Local leaders in New York also questioned the Governor's plan. Nassau County Executive Bruce Blakeman dismissed the plea because of new tax proposals. Hochul also faced backlash for sarcastic comments about using rich activists to help bring people back to the state.
Florida Governor Criticizes New York Fiscal PoliciesHochul Begs Rich New Yorkers To Return From FloridaBruce Blakeman Reality Check on Hochul PleaHochul's Taxing Sarcasm
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