Bloomberg blasts Albany over hedge fund tax

NEW YORK

Bloomberg says the funds are now being wooed out of state, by a personal pitch from Connecticut Governor M. Jodi Rell.

"She's doing what she should do, and we should be out there doing the same thing -- making this a more attractive place to do business," Bloomberg said. "There's some things the city can do, and we're doing those, I think. The state is not doing its job."

Albany is trying to collect a hefty tax, about $50 million, from hedge fund managers who work in New York but live out of state.

Bloomberg says Albany's tax will be a great economic stimulus...for Connecticut.

Copyright © 2024 WABC-TV. All Rights Reserved.