Shocker: Sanity Prevails in New York

In the rare good news department, New York Gov. Kathy Hochul ended the year by vetoing two bills that would have driven more businesses and high earners out of the state. Are declining tax revenue and population spurring a political awakening? It would be nice to think so.

Ms. Hochul vetoed a bill that would have broadly banned employment non-compete agreements. “New York has a highly competitive economic climate and is home to many different industries,” she said in her veto message. “These companies have legitimate interests that cannot be met with the Legislation’s one-size-fits-all approach.”