Payments would start going out to residents in the fall if the plan makes it though the Legislature.
New York ers could get " Inflation Refund " checks of up to $500 from the state government next year under a proposal that Gov. Kathy Hochul announced Monday.
The plan, which must first be approved by state lawmakers, would send out one-time payments of $300 to people who earn less than $150,000 and $500 to families making less than $300,000. Hochul, a Democrat, is floating the proposal as part of her agenda for the upcoming state legislative session that begins in January."It's simple: the cost of living is still too damn high, and New Yorkers deserve a break," Hochul said in a news release.
The governor's news release said the proposal would be funded by a pool of excess sales tax revenues that have been mostly generated through inflation's effect on consumer goods. The $3 billion in payments would go out to about 8.6 million people in the state.Have a breaking news tip or an idea for a story we should cover? Send it to Eyewitness News using the form below.
New York Ny Money Kathy Hochul Proposal Cost Of Living 15631033
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
New study finds 1 in 3 New Yorkers uses a food pantry amid affordability crisisThe study, conducted by Columbia University, Robin Hood Foundation and City Harvest, says that one in three New Yorkers has used a food pantry over the past three years.
Read more »
Khloé Kardashian Says Her New Perfume Smells “Glamorous” and “Badass”We asked New Yorkers to blindly review Kim Kardashian West's new perfume: KKW Body
Read more »
Making New York City affordable for working New YorkersWorking-class New Yorkers are the backbone of our city; they keep our city safe, healthy, clean, and help us continue to take the greatest city in the world
Read more »
New Yorkers declare they 'won't back down' from opposing President-elect Trump at ManhattanThousands of New Yorkers took to the streets of Midtown Manhattan Saturday to send a clear message to President-elect Trump: They will not back down in
Read more »
Brooklynites gawk at 'weird' and 'beautiful' 18-foot metal sculpture of 1980's comic book character 'Rappin' Max Robot': 'Thought it was a bug'New Yorkers and visitors admire “Rappin’ Max Robot” sculpture
Read more »
Years-long backlog has created 'housing court hell,' some New Yorkers on verge of bankruptcyWhat they thought would take months to get a resolution in court has turned into years.
Read more »