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What will be the outcome of Hochul's $3B inflation relief proposal by end of 2025?
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Resolution / Starting Odds
Approved and implemented • 25%
Approved but not implemented • 25%
Rejected by legislature • 25%
Postponed for future consideration • 25%
Official statements from the New York State Government or reputable news outlets
Story
Hochul Proposes $3 Billion in Inflation Relief Checks for 8.6 Million New Yorkers
Dec 9, 2024, 05:06 PM
New York Governor Kathy Hochul has proposed sending $3 billion in one-time, direct payments to 8.6 million New Yorkers to alleviate inflation costs for working families. Under the plan, joint filers making less than $300,000 a year would receive a $500 check, while individual filers earning under $150,000 would get $300. The proposal, which requires legislative approval, aims to provide relief from the rising costs of living, including student loans, childcare, groceries, and rent. Hochul's initiative, dubbed the 'New York's first ever inflation rebate,' comes as part of her first State of the State proposal announced in Co-op City, where she also addressed the state's higher-than-expected sales tax revenue.
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Postponed • 25%
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Approved without changes • 25%
Approved with changes • 25%
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No significant polling data available • 25%
No • 50%
Yes • 50%
Increased significantly • 25%
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$500 for joint filers, $300 for individual filers • 25%
Same amount for all filers • 25%
No refund approved • 25%
Different amount for joint and individual filers • 25%
Moderate reduction in subway violence • 25%
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Inflation rate decreases • 25%
Inflation rate remains stable • 25%
Inflation rate increases slightly • 25%
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Bill passes with amendments • 25%
Bill delayed beyond January 31, 2025 • 25%
Bill fails to pass • 25%
Bill passes unchanged • 25%