New Census Bureau data estimates that more than 75,000 people left California in 2023, with a net total of 338,371 outmigration, the highest in the U.S. The exodus includes wealthy Californians, affecting tax revenue and the economy. Public pension money is also leaving the state, impacting small-government, Republican boomtowns across the West. The trend is attributed to the state's $68 billion deficit and the impact of one-party rule.
Wealthy Californians are fleeing the state, putting tax revenue at risk (Fox Business) 40% of California's tax revenue comes from earners in the top 1% The population of California posted a decline of tens of thousands in 2023. Among them are some of the wealthiest… https://t.co/gn0FdfcMnX
What happens to a State run by One Party..The wealthiest Californians are fleeing the state. Why that's very bad news for the economy - Los Angeles Times https://t.co/3jd4nzDWaW
California public pension money is the lifeblood of the economy in this small-government, Republican boomtown. It’s a phenomenon happening across the West, as many career civil servants decide California is no longer their home. https://t.co/FmFutYcR0K
California outmigration highest in U.S. as state faces $68 billion deficit New Census Bureau data says a net total of 338,371 left the Golden State in 2023 alone. Read more ⬇️ https://t.co/R8LviQanL0
Another great success by @GavinNewsom! More Than 75,000 People Left California This Year, Census Estimates Show https://t.co/6IuoEOGX6f