NY’s Hochul Floats Sending $300 Checks to Millions of Residents

New York Governor Kathy Hochul wants to send about $3 billion back to 8.6 million New Yorkers in a bid to alleviate inflation costs for working families.

The one-time, direct payment is the first proposal in Hochul’s 2025 state of the state, which she is set to deliver on Jan. 14. New Yorkers would begin receiving the checks in the fall of 2025, if the legislature approves the initiative. The state will tap excess sales-tax revenue to send $500 to families making as much as $300,000 and $300 to individuals earning $150,000 or less, Hochul announced Monday.

“Because of inflation, ...