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David Tepper relocation to Florida has New Jersey leaders freaking out

The departure of one New Jersey resident to Florida has gotten so much attention that lawmakers are calling for changing the state's tax structure, and a key legislative forecaster is raising concerns over revenue uncertainty.

The spotlight turned to hedge fund manager David Tepper this week when legislative budget forecaster Frank Haines cited the billionaire's move to Florida as a potential factor in how much income tax revenue the state brings in. Income tax revenues make up the biggest share of cash in state coffers, and a shift in projections of as little as 1 percent amounts to about $100 million, forecasters say.

It's unclear how much effect Tepper's departure could have, because his tax returns haven't been made public and it's unknown how much taxes affected his move. Tepper didn't return messages seeking comment.

But his move has caught the attention of the usually headline-shy legislative budget office.

"If...


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