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Close the sidebar * News * Metro * Page Six * Sports * NFL * MLB * NBA * NHL * College Football * College Basketball * Post Sports+ * Sports Betting * Business * Personal Finance * Opinion * Entertainment * TV * Movies * Music * Celebrities * Awards * Theater * Shopping * Lifestyle * Weird But True * Health * Fitness * Health Care * Medicine * Men’s Health * Women’s Health * Mental Health * Nutrition * Sex & Relationships * Viral Trends * Human Interest * Parenting * Fashion & Beauty * Food & Drink * Travel * Real Estate * Media * Tech * Astrology * Video * Photos * Visual Stories * Sub Menu 1 * Today’s Paper * Covers * Columnists * Horoscopes * Crosswords & Games * Sports Odds * Podcasts * Careers * Sub menu 2 * Email Newsletters * Official Store * Home Delivery * Tips Close the sidebar Menu * Facebook * Twitter * Flipboard * WhatsApp * Email * Metro NY RANKED ‘LEAST FREE STATE,’ WITH HIGH TAXES, DEBT, REGULATION: STUDY By Carl Campanile Published Nov. 19, 2023, 5:16 p.m. ET MORE ON: TAXES * FLORIDA, TEXAS RESIDENTS FLEE DUE TO SOARING INSURANCE COSTS, SURGING HOME PRICES * LEGISLATURE SENDS CLEAR SIGNAL TO SHOPLIFTING THUGS: GO FOR IT! * NEW YORK IS NOW THE ‘LEAST FREE’ STATE, THANKS TO DEM POLICIES * ERIC ADAMS NEEDS TO CUT BUDGET FAT, NOT COPS, TO AVOID FISCAL DISASTER New York once again has the dubious distinction of being labeled “the least free state” in America, according to a report issued by libertarian-leaning think tank The Cato Institute. Advertisement The Empire State ranked dead last — 50th — for policies impacting economic, social and personal freedoms in 2022, the report claims. By comparison, Florida ranked 2nd after New Hampshire as the most free state in the union. Cato said New York is a fiscal basket case. Advertisement The state ranked 50th for economic freedom and scored at or near the bottom for debt and state and local taxation, government consumption, land use and labor policy. “New York’s terrible economic freedom score is going to continue to drag the state down—and harm its ability to realize its full economic potential,” the Cato report authored by William Ruger and Jason Sorens said. “Combined, state and local taxes are crushing. Debt is down from years past but is still the highest in the country at 26.1 percent of income.” Advertisement Wealthy residents in New York City pay among the highest combined state and local income taxes in the country — nearly 15% at the top level — and property taxes in the suburbs are also high. A report from The Cato Institute labeled New York the “least free state” in the country. Christopher Sadowski “It is little wonder that New Yorkers are fleeing the state in droves. New Yorkers have been voting with their feet for years, leaving a state with such a glorious past and a great magnet supercity in part because of its stifling policies that restrict freedom and opportunity. New York outpaced all other states by far in terms of net out-migration to other states,” co-author Ruger told The Post. Advertisement SEE ALSO OVER 545,000 NEW YORKERS LEFT THE STATE IN 2022 —HEADED FOR FLORIDA, TEXAS AND FARTHER: CENSUS BUREAU “One of the worst problems for New York state as a whole is how New York City and Albany drive policy for the rest of the state,” he continued. “This allows left-wing ideologies and powerful concentrated interests to combine to run the state for their benefit while regular New Yorkers suffer. We especially see this in the regulatory area with policies like rent-control, eminent domain, renewable portfolio standards, minimum wage laws, and certificate of need laws.” Florida, by comparison, ranks high because it does not impose an income tax on its residents. Advertisement New York has ranked last in every Cato study since it started reviewing data in 2000. The state gets higher marks from live-and-let-live Cato for its lower incarceration rates and for legalizing marijuana. New York ranked 9th for its criminal justice policies — the state’s highest score in any category. Advertisement It ranked 49th for tobacco freedom for its public smoking bans and high cigarette taxes — $6.85 per pack, second only to $7.16 per pack in Illinois. Neighboring New Jersey fared little better, ranking 47th. California ranked 48th and Hawaii, 49th. What do you think? Post a comment. Advertisement Cato recommends New York policymakers slash spending and taxes, pay down debt and abolish rent control laws. Gov. Kathy Hochul’s office had no immediate comment. Ad SHARE THIS: Filed under income , kathy hochul , new york , property taxes , taxes , 11/19/23 Load more... {{#isDisplay}} {{/isDisplay}}{{#isAniviewVideo}} {{/isAniviewVideo}}{{#isSRVideo}} {{/isSRVideo}} TRENDING NOW 1. Taylor Swift, Travis Kelce relationship is '100 percent fake': ex-UFC star 2. NFL star Jason Kelce buying up land in one PA neighborhood to build giant mansion 3. Prison time for Florida teen who beat teacher over Nintendo Switch would be ‘death sentence’: tearful mom 4. McDonald's is giving its burgers a makeover — here's what changes are coming 5. DeSantis mocks Newsom over his father-in-law leaving California for Florida in fiery Fox News debate 6. The sex act women are still being judged for by their partners https://nypost.com/2023/11/19/metro/ny-ranked-least-free-state-with-high-taxes-debt-regulation-study/?utm_source=url_sitebuttons&utm_medium=site%20buttons&utm_campaign=site%20buttons Copy the URL to share * Post Sports+ * Email Newsletters * Mobile Apps * Contact Us * Tips * Facebook * Twitter * Instagram * LinkedIn * Email * YouTube © 2023 NYP Holdings, Inc. All Rights Reserved Terms of Use | Privacy Do Not Sell or Share My Personal Information/Opt-Out Exit mobile version