Gov. Kathy Hochul unveiled on Monday a proposal to give 8.6 million New Yorkers stimulus checks of between $300 and $500 to offset the strain of inflation in recent years.
Hochul, during a Dec. 9 press conference at the Bronx’s Co-Op City housing complex, said that under her proposal, a one-time $300 “Inflation Refund” would go to single New York taxpayers earning up to $150,000 annually and $500 to joint filers bringing in up to $300,000 a year. She said the total $3 billion in direct payments will come from surplus sales tax revenues driven by rising inflation.
