In 2004 alone, 60,000 more people left New Jersey than moved in.

They think it might have something to do with taxes:

The Garden State has raised taxes nearly every year since 2000 and nearly twice as much per resident as the next highest tax state. Yet, no surprise, Trenton still has the biggest budget crisis outside of the states ruined by Hurricane Katrina. This taxing binge hasn’t balanced the budget because state expenditures have ballooned by $8 billion, or about 45%, in six years. Mr. Corzine is nonetheless sticking to his story that state schools and services are underfunded.

...This outmigration led to a loss of $1 billion per year in the state’s personal income, according to IRS statistics analyzed by the Manhattan Institute. Thus New Jersey finds itself in a spiral down: Taxes are raised, more taxpayers flee so the tax base shrinks, the politicians raise taxes again, and the cycle repeats itself.

Guess where they're moving to.  Every time the northeastern liberals raise taxes my property values go up 1%.  Go Democrats!  Go!

Comments

[wRitErsbLock]

hmmmm... I moved here from NJ...

[DCE]

Massachusetts has had the same problem on and off over the past few decades. Every time the tax climate gets repressive, i.e. confiscatory, people and businesses pack up and leave. Many of them head across the border into New Hampshire. Massachusetts' revenues go down and New Hampshire's go up even as our taxes stay the same or go down.

Go figure.