NEW YORK (Reuters) - New York state should not reimpose a stock transfer tax as this would make Wall Street firms move to other cities such as New Jersey's Newark, or other states like Connecticut, Governor David Paterson said on Monday.
The Democrat, speaking at a town hall meeting that was broadcast, also said Wall Street's decision to pay more of its bonuses in stock instead of cash had cost the state half a billion dollars of tax revenue this year, and will deprive it of the same amount next year.
"I do think we have to have a discussion with Wall Street about how to support New York state when we are supporting them," he said.
(Reporting by Joan Gralla; Editing by Chizu Nomiyama)
