{"id":41219,"date":"2026-01-20T15:01:39","date_gmt":"2026-01-20T20:01:39","guid":{"rendered":"https:\/\/www.saratoga.com\/saratogabusinessjournal\/?p=41219"},"modified":"2026-01-20T15:01:39","modified_gmt":"2026-01-20T20:01:39","slug":"economic-outlook-2026-affordability-breakdown-why-new-yorkers-leave","status":"publish","type":"post","link":"https:\/\/www.saratoga.com\/saratogabusinessjournal\/2026\/01\/economic-outlook-2026-affordability-breakdown-why-new-yorkers-leave\/","title":{"rendered":"Economic Outlook 2026: Affordability Breakdown Why New Yorkers Leave"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" class=\"alignleft size-medium wp-image-41220\" src=\"https:\/\/www.saratoga.com\/saratogabusinessjournal\/wp-content\/uploads\/sites\/48\/2026\/01\/tedisco-headshot-214x300.jpg\" alt=\"\" width=\"214\" height=\"300\" srcset=\"https:\/\/www.saratoga.com\/saratogabusinessjournal\/wp-content\/uploads\/sites\/48\/2026\/01\/tedisco-headshot-214x300.jpg 214w, https:\/\/www.saratoga.com\/saratogabusinessjournal\/wp-content\/uploads\/sites\/48\/2026\/01\/tedisco-headshot-731x1024.jpg 731w, https:\/\/www.saratoga.com\/saratogabusinessjournal\/wp-content\/uploads\/sites\/48\/2026\/01\/tedisco-headshot-768x1075.jpg 768w, https:\/\/www.saratoga.com\/saratogabusinessjournal\/wp-content\/uploads\/sites\/48\/2026\/01\/tedisco-headshot.jpg 1000w\" sizes=\"auto, (max-width: 214px) 100vw, 214px\" \/>By State Sen. James Tedisco,\u00a0<i><span class=\"Apple-converted-space\">\u00a0<\/span>R\u2013Glenville, 44th District<\/i><\/p>\n<p>New York has an affordability problem.<span class=\"Apple-converted-space\">\u00a0 <\/span>We all know it. <span class=\"Apple-converted-space\">\u00a0<\/span><\/p>\n<p>After being part of the problem for many years, it has finally dawned on our Governor that people can\u2019t afford to live here.<\/p>\n<p>It\u2019s no wonder people are escaping New York in droves, leading the nation in out-migration.<\/p>\n<p>Our previous governor blamed the exodus on the weather. <span class=\"Apple-converted-space\">\u00a0<\/span><\/p>\n<p>Remember the 1990s hit \u201cBlame it on the Rain\u201d? We may get our share of precipitation in New York, but when 16 percent of people fleeing our state head for the \u201cwarm and balmy\u201d state of New Jersey, you can\u2019t credibly \u201cblame it on the rain!\u201d<\/p>\n<p>One of my all-time favorite movies is the film classic \u201cCasablanca\u201d with Humphrey Bogart, Ingrid Bergman and Claude Rains, among a stellar cast. <span class=\"Apple-converted-space\">\u00a0<\/span><\/p>\n<p>In a famous scene from the film, Claude Rains\u2019 character, Captain Renault, expresses his mock outrage that there is gambling taking place at Humphrey Bogart\u2019s establishment, saying \u201cI\u2019m shocked, shocked to find there\u2019s gambling going on in here\u201d as someone hands him his gambling winnings!<\/p>\n<p>I was shocked that the Governor attempted to illustrate that she was \u201cshocked\u201d when she came out after being in charge for five years having super majorities in both houses and suddenly saying that we have an affordability problem in New York State! <span class=\"Apple-converted-space\">\u00a0<\/span><\/p>\n<p><span class=\"Apple-converted-space\"><span class=\"\"><b><span class=\"s1\"><span class=\"s2\"><!--more--><\/span><\/span><\/b><\/span><\/span>None of our constituents are shocked because they\u2019ve been living with this affordability problem for a while.<\/p>\n<p>The reality is this has been an issue for a while now and it relates to an agenda that is simply holistically not working.<\/p>\n<p>In the Empire State, over the last seven years, who has controlled all levers of power?<span class=\"Apple-converted-space\">\u00a0<\/span><\/p>\n<p>Who controls the present agenda which is sent taxpayers scurrying from New York State?<span class=\"Apple-converted-space\">\u00a0<\/span><\/p>\n<p>If your answer is the previous governor and this Governor, Kathy Hochul, and her allies in the Senate and Assembly Majorities, you\u2019d be correct.<\/p>\n<p>Who really believes a $200 election eve check will solve the affordability problem that ails New Yorkers?<\/p>\n<p>No, it\u2019s the holistic failed agenda which has demographers predicting the loss of two and possibly even three members of Congress from New York in the 2032 census. In other words, less representation to stand up for New Yorkers at the federal level.<\/p>\n<p>Crime, taxes, insurance costs, daycare, healthcare, unrealistic energy mandates, and the lack of affordable housing are all to blame for New York\u2019s affordability crisis.<\/p>\n<p>An obvious example of poor decision making when it comes to affordability for New Yorkers is the Governor\u2019s push for the \u201cAll Electric Buildings Act\u201d which she signed into law in 2023 that requires all new construction to be electric by 2026 for smaller buildings and all buildings having to comply by 2029.<\/p>\n<p>At the end of 2025, the Governor announced a \u201cpause\u201d on the implementation of this bill which would ban the use of natural gas including gas stoves and heating,<\/p>\n<p>Don\u2019t be fooled.<\/p>\n<p>The Governor\u2019s \u201cpause\u201d on her \u201cAll Electric Buildings Act\u201d is only a bait and switch to try and get her through the next election.<\/p>\n<p>Once that\u2019s over, she will again seek to ban all gas heating and new construction, increasing the cost to homeowners and businesses in our state. <span class=\"Apple-converted-space\">\u00a0<\/span><\/p>\n<p>No one is against investing in alternative fuel energy solutions, as I\u2019ve long sponsored legislation to study a transition to it. But it must be developed based on deliverable metrics over a reasonable period that does not make it more difficult for people to build a home and business. <span class=\"Apple-converted-space\">\u00a0<\/span><\/p>\n<p>It should not be based on political rhetoric on the eve of an election year.<span class=\"Apple-converted-space\">\u00a0<\/span><\/p>\n<p>Under the governor\u2019s gas ban, it will cost between $5,000 and $10,000 more to go electric to build a new home for homeowners who are already struggling to afford to buy a home in our state.<\/p>\n<p>I am a sponsor of legislation (S.1167) to repeal the gas ban and bring back some common sense to this issue.<span class=\"Apple-converted-space\">\u00a0<\/span><\/p>\n<p>The Empire State is a beautiful state with amazing and talented citizens.<span class=\"Apple-converted-space\">\u00a0<\/span><\/p>\n<p>Unfortunately, under one-party rule, it\u2019s become too expensive for many people to afford to live and work in, which has led to a mass escape from New York over the past few years.<span class=\"Apple-converted-space\">\u00a0 <\/span>Nothing illustrates this clearer then the fact that a recent National Taxpayers Union Foundation study ranks New York number two for interstate migration with someone permanently leaving the Empire State every 2 minutes and 23 seconds. &#8212; only California is seeing greater loss of taxpayers.<\/p>\n<p>As the new 2026 legislative session begins this month, I\u2019m ready to work, as I\u2019ve always done, in a bipartisan fashion to help turn this economy around and make our state a more affordable and safer place to live and work so we can get New York on the right track again.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>By State Sen. James Tedisco,\u00a0\u00a0R\u2013Glenville, 44th District New York has an affordability problem.\u00a0 We all know it. \u00a0 After being part of the problem for many years, it has finally dawned on our Governor that people can\u2019t afford to live here. It\u2019s no wonder people are escaping New York in droves, leading the nation in [&hellip;]<\/p>\n","protected":false},"author":89,"featured_media":41221,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[151],"tags":[],"class_list":["post-41219","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economic-outlook-2026"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\r\n<title>Economic Outlook 2026: Affordability Breakdown Why New Yorkers Leave - Saratoga Business Journal<\/title>\r\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\r\n<link rel=\"canonical\" href=\"https:\/\/www.saratoga.com\/saratogabusinessjournal\/2026\/01\/economic-outlook-2026-affordability-breakdown-why-new-yorkers-leave\/\" \/>\r\n<meta property=\"og:locale\" content=\"en_US\" \/>\r\n<meta property=\"og:type\" content=\"article\" \/>\r\n<meta property=\"og:title\" content=\"Economic Outlook 2026: Affordability Breakdown Why New Yorkers Leave - Saratoga Business Journal\" \/>\r\n<meta property=\"og:description\" content=\"By State Sen. James Tedisco,\u00a0\u00a0R\u2013Glenville, 44th District New York has an affordability problem.\u00a0 We all know it. \u00a0 After being part of the problem for many years, it has finally dawned on our Governor that people can\u2019t afford to live here. It\u2019s no wonder people are escaping New York in droves, leading the nation in [&hellip;]\" \/>\r\n<meta property=\"og:url\" content=\"https:\/\/www.saratoga.com\/saratogabusinessjournal\/2026\/01\/economic-outlook-2026-affordability-breakdown-why-new-yorkers-leave\/\" \/>\r\n<meta property=\"og:site_name\" content=\"Saratoga Business Journal\" \/>\r\n<meta property=\"article:published_time\" content=\"2026-01-20T20:01:39+00:00\" \/>\r\n<meta property=\"og:image\" content=\"https:\/\/www.saratoga.com\/saratogabusinessjournal\/wp-content\/uploads\/sites\/48\/2026\/01\/tedisco-fi.png\" \/>\r\n\t<meta property=\"og:image:width\" content=\"683\" \/>\r\n\t<meta property=\"og:image:height\" content=\"356\" \/>\r\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\r\n<meta name=\"author\" content=\"Jake Van Ness\" \/>\r\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\r\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Jake Van Ness\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\r\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.saratoga.com\/saratogabusinessjournal\/2026\/01\/economic-outlook-2026-affordability-breakdown-why-new-yorkers-leave\/\",\"url\":\"https:\/\/www.saratoga.com\/saratogabusinessjournal\/2026\/01\/economic-outlook-2026-affordability-breakdown-why-new-yorkers-leave\/\",\"name\":\"Economic Outlook 2026: Affordability Breakdown Why New Yorkers Leave - 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James Tedisco,\u00a0\u00a0R\u2013Glenville, 44th District New York has an affordability problem.\u00a0 We all know it. \u00a0 After being part of the problem for many years, it has finally dawned on our Governor that people can\u2019t afford to live here. 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