Here’s a fallout from the recently approved state budget: Billionaire Tom Golisano said he’s changed his residency to Florida.
“He’s disgusted with New York state taxes so he’s going to be domiciling in Florida, but it made it very clear he’s going to continue with his philanthropic business and political activities in New York,” said Golisano aide Steve Pigeon.
Speaking today in Rochester, Golisano said he will save a whopping $13,000 a day in income taxes by switching his residency to his home in Naples, Fla. Golisano has been spending almost half the year in Florida since his retirement as Paychex CEO several years ago.
“This last thing with the budget kind of pushed him over the edge,” Pigeon said.
Golisano was not immediately available for comment.
Pigeon acknowledged that the move means it rules out Golisano running for a fourth time for governor next year, but Pigeon said he didn’t think that was a real possibility anyway.
He said Golisano will continue to be active in New York politics and won’t impact his role as chairman of Paychex or as owner of the Buffalo Sabres.
Here’s the video from WHEC-TV in of Golisano talking to reporters about it today: