(The Center Square) — New York’s share of the nation’s millionaires is declining along with much-needed tax revenue for the state, according to a new report from a fiscal watchdog group.

The analysis by the nonpartisan Citizens Budget Commission found that New York’s share of the nation’s millionaires — or tax filing households with more than $1 million in federal adjusted gross income — plummeted 31% between 2010 and 2022, from 12.7% to 8.6%. Similarly, New York City’s share fell from 6.5$ to 4.2% over the same period.

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While the number of million

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