New York Tax-Paying Residents Were Moving Out Even Before Covid
- State lost roughly 115,000 tax filers between 2015 and 2019
- Pandemic likely to have exacerbated longer-term trend
A jogger runs in Brooklyn, New York, in May 2019.
Photographer: Michael Nagle/BloombergThis article is for subscribers only.
Even before Covid-19 hit, the state of New York was facing an outflow of tax-paying residents.
The state had an average annual net out-migration of 28,700 part-year residents, or 0.3% of taxpayers, between 2015 and 2019, according to a report from New York State Comptroller Thomas P. DiNapoli. That means the state lost roughly 115,000 tax filers during the period, in a trend that’s likely to have continued after the pandemic with the rise of remote working.