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Story summary
- New York Governor Kathy Hochul urged wealthy residents to return to stabilize the tax base.
- Speaking at a Politico forum, she urged high-net-worth individuals to support social programs.
- She notes New York competes with Florida, which has a lower tax burden.
- Mayor Zohran Mamdani pushes for higher taxes on the wealthy to address a projected $5.4 billion deficit.
- Republican Bruce Blakeman criticizes Hochul's approach, arguing tax cuts would retain residents.
