Governor Kathy Hochul announces New York's first ever 'Inflation Refund'
Taxpayers in New York could receive $500 refund checks next year, as part of Gov. Kathy Hochul ’s first official proposal to combat the cost of living in 2025.— would send $3 billion back into the pockets of 8.6 million of the state’s taxpayers next year, the governor said unveiling the proposal outlined in her upcoming State of the State address.
The first “Inflation Refund” in the state would send $3 billion back into the pockets of 8.6 million of the state’s taxpayers next year, the governor said unveiling the proposal outlined in her upcoming State of the State address.“I know the stress parents feel intuitively, in my bones, I feel it,” Hochul said during a press briefing in the Bronx on Monday, “and that’s why I am so committed to helping New York families in any way possible.
And, as a result, said she was shocked watching the cost of a gallon of milk, eggs and diapers soar after the pandemic.“We’re told inflation is getting better, it’s actually coming down. But let me ask this question: ‘Do any of you feel like you have more money in your pocket these days? No? I didn’t think so.’”
Those initiatives will be outlined in her upcoming State of the State address on Jan. 14, and comes just weeks before the legislative session begins in Albany.
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