New York Governor Kathy Hochul proposes "Inflation Refund" checks to aid state residents.

New York Governor Kathy Hochul has proposed sending "Inflation Refund" checks to state residents, with single taxpayers earning less than $150,000 receiving $300 and families making under $300,000 getting $500. The $3 billion plan would benefit about 8.6 million New Yorkers and is funded by excess sales tax revenue due to inflation. If approved by the legislature, the payments could begin in fall 2025.

4 months ago
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