Dossier
tax revenue decline
Coverage of tax revenue decline in the Nexus archive.
- STEVE FORBES: 4 ways to fix what’s wrong with New York City and stop the exodus
New York City is experiencing a significant population exodus due to high costs, overcrowding, unreliable services, and regulatory barriers. Data shows a loss of 166,000 residents in 2022, reducing tax revenue by $309 million, with families and middle-income earners disproportionately affected. Housing overregulation and supply constraints are cited as primary causes.