Inflation Refund to Provide Relief to 8.6 million NY'ers
The Inflation Refund would deliver about $3 billion in direct payments to around 8.6 million New York taxpayers statewide in 2025.
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Governor Hochul delivered her 2025 State of the State Address on January 14 in Albany. It includes more than 200 initiatives that will put money back in people’s pockets, keep New Yorkers safe, and ensure the future of New York is a place where all families can thrive. Read about these policy initiatives in the 2025 State of the State Book.
New Yorkers expect results and that’s why I fight day in and day out to make New York safer, healthier, cleaner, more affordable for you and your family.
The Inflation Refund would deliver about $3 billion in direct payments to around 8.6 million New York taxpayers statewide in 2025.
For the 2026 filing season, eligible families can now receive up to $1,000 per child under age four and $330 per qualifying child age 4 through 16.
Governor Hochul signed legislation investing $110 million to build new child care facilities and repair existing sites across New York.
Governor Hochul announced new steps to make our state safer and protect New Yorkers throughout the subway system.
After last year's landmark housing deal, Governor Hochul proposed a bold plan to make owning and renting a home more affordable.
Governor Hochul announced proposals to drive down crime and bolster the criminal justice system to keep New Yorkers safe.
Governor Hochul announced new initiatives to support working parents, including support for child care and expanding food assistance programs.
Governor Hochul announced major reforms to strengthen New York laws so those in mental health crisis get the help they need.
Proposals aim to protect consumers shopping online, crack down on exploitative practices, and regulate emerging industries.
Governor Hochul announced "Unplug and Play" to get kids off their phones by funding community centers & recreational opportunities.
Governor Hochul's State of the State Affordability Agenda is the latest step in her ongoing commitment to help address the cost of living by putting money back in the pockets of New Yorkers statewide. Since taking office, the Hochul Administration has delivered more than $5.5 billion in supplemental payments, tax relief and rebates, as well as expanding access to child care assistance and paid leave for families and pregnant women. Learn more about how Governor Hochul is working to make life more affordable for New York families.