“Wall Street is essential to the regional economy. It accounts for almost a fourth of the wages and salaries paid in the city and over a quarter of its tax revenue [5% of jobs]. It generates about a fifth of the taxes collected by New York State. Gov. Jon Corzine of New Jersey said Wall Street supported about a third of his state’s economy. And it employs most of the million-dollar earners in Connecticut, who pay 30 percent of its taxes.”
Prepare for higher property taxes and/or cuts in services across the country but especially near NYC. Also, higher tolls in NJ.
