Residents throughout the Big Apple continued to vote with their feet in recent months, with new data showing New York City’s population dropping for the first time in over a decade.
“The nation’s largest city is losing population for the first time in more than a decade, new federal estimates show,” reports the Wall Street Journal.
“International migration into New York City’s five boroughs tapered off, as more residents left, shrinking the city’s population in 2017 and 2018, according to U.S. Census Bureau numbers released Thursday,” adds the study.
The study comes as residents cope with rising crime, crumbling infrastructure, and lagging public schools despite massive taxes and rising housing costs across the nation’s largest city.
Read the full report here.
DE BLASIO’S NYC: Mayor Allocates Additional $1.6M to Attorneys Defending Migrants from Deportation
New York City Mayor Bill de Blasio and his city council are allocating an additional $1.6 million to provide legal resources for illegal immigrant residents facing deportation orders and other law enforcement issues.
“Calling it a defensive fund against President Trump’s immigration policies, New York City officials plan to put an extra $1.6 million toward public defenders representing immigrants slated for deportation,” reports Fox News.
“Attorneys and immigrant rights groups had pushed for money, saying that courts were rushing decisions on deportation and that immigrants were at a disadvantage if they did not have the help of an attorney,” adds the author. “The move to bolster the funding arose from a deal between New York City Mayor Bill de Blasio and Council Speaker Corey Johnson.”
“This is crucial right now as the ICE deportation machine has ramped up efforts to interfere with the necessary work NYIFUP is doing by pushing people through the system with zero regard for due process. I will continue to fight these un-American and horrific immigration policies,” said City Council Speaker Corey Johnson.
Read the full report at Fox News.
DE BLASIO’S NYC: Manhattan Real Estate Market Drops to Lowest Level in a Decade
The housing market in one of the wealthiest locations in the country dropped to a record-low in the first quarter of 2019; with would-be homeowners ditching Manhattan due to massive taxes and crumbling infrastructure across New York City.
“Purchases dropped for a sixth straight quarter in the first three months of 2019 as sellers struggled to cut prices deeply enough to attract offers. Transactions totaled 2,121, the fewest for a first quarter since 2009,” reports Bloomberg.
“You have a seller generally overpriced and willing to make discounts that bring them closer to the market, but the buyer is not willing to come up,” said one real estate insider. “The bigger the disconnect between buyers and sellers, generally speaking, the lower the sales activity is.”
The move comes as New York officials unveiled their latest “congestion pricing” proposal; charging commuters $11.50 to enter midtown Manhattan and truck drivers upwards of $25 to make deliveries across the Big Apple.
Read the full report here.