DeBlasio's NYC grows, but tax base shrinks
Until a few months ago, that was a given. A Bloomberg article from a year ago famously reported that the city was losing 376 residents a day, according to the US Census Bureau.
“New York is going off the deep end,” Leon Goldenberg, the CEO of Goldmont Realty, told me for an article a year and a half ago. “We have another few years to get this under control or New York will empty out.”
Then when the 2020 Census numbers came out, showing the highest population total in city history, at 8,804,190, that assumption was overturned.
However, says a prominent think tank founder, the true picture is… complicated. We’re not actually losing people, but the people we’re losing are those who pay the bills.
Create a free account to keep reading.
