New York's economic outlook is the worst in nation: study


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New York ranked last in the last two reports, and finished at the bottom in six of the past eight years.

ALBANY — New York continues to have the bleakest economic outlook of any state in the nation, a new report revealed Tuesday.

The American Legislative Exchange Council, a conservative leaning think tank, ranked New York dead last among the 50 states for economic competitiveness in its annual “Rich States, Poor States” report.

It marked the second year in a row and the sixth time in the past eight years that New York ranked 50th in the nation.

“High taxes and rampant cronyism have caused New York to rank dead last in almost every edition of Rich States, Poor States,” said ALEC Vice President Jonathan Williams.

The report found that Utah had the best economic outlook, followed by North Carolina and North Dakota.

The report found that Utah had the best economic outlook, followed by North Carolina and North Dakota.

“It should come as no surprise that nearly 1.5 million taxpayers, on net, have fled the Empire State over the last 10 years alone,” Williams said.

Utah was rated the state with the best economic outlook, followed by North Carolina and North Dakota.

Rich Azzopardi, a spokesman for Gov. Cuomo, dismissed the report as the product of a “right-wing Beltway think tank with an agenda.”

A spokesman for Gov. Cuomo touted the administration's 48 tax cuts in response, saying the governor controlled spending and cut taxes.Mike Groll/AP

A spokesman for Gov. Cuomo touted the administration’s 48 tax cuts in response, saying the governor controlled spending and cut taxes.

The report was released on the day that Cuomo addressed the Association for A Better New York and touted, among other things, his administration’s success in controlling spending and cutting taxes.

Cuomo said his administration, since taking office in 2011, has made 48 tax cuts, saving taxpayers $114 billion. Cuomo and lawmakers also included a $4.2 billion tax cut for middle class families in the just-approved state budget.

“As a result of this administration’s work, New York just enacted the lowest middle-class taxes in 70 years, and we have the lowest business tax rate since 1968, as well as the lowest manufacturer tax rate since 1917 — changes that have helped fuel this state’s recovery, resulting in a record number of private-sector jobs, an unemployment rate below the national average and upgrades from all three major credit rating agencies,” Azzopardi said.



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