Loading...
Market
Will Hochul's 'Inflation Refund' checks be distributed by June 30, 2025?
4
Resolution / Starting Odds
Yes • 50%
No • 50%
Official announcements from the New York State Department of Taxation and Finance or media reports
Story
Governor Hochul Proposes $3 Billion 'Inflation Refund' Checks Up to $500 for 8.6 Million New Yorkers
Dec 9, 2024, 06:10 PM
New York Governor Kathy Hochul, speaking in Co-op City, has proposed sending 'Inflation Refund' checks to millions of New Yorkers to alleviate rising costs of living due to inflation. Under the proposal, individuals earning up to $150,000 a year would receive a $300 check, and families filing jointly with incomes up to $300,000 would receive a $500 check. The plan aims to return excess sales tax revenue, generated from higher-than-expected collections due to inflation, back to residents. Hochul, who is not concerned that the checks will drive up inflation, referred to the initiative as New York's first-ever inflation rebate, stating, 'No loopholes. No BS. Just money you can use to pay the bills.' The proposal, totaling about $3 billion, requires legislative approval and is part of Hochul's 2025 State of the State proposals.
View original story
Similar markets
Yes • 50%
No • 50%
Yes • 50%
No • 50%
By June 30, 2025 • 25%
Between July 1 and September 30, 2025 • 25%
Between October 1 and December 31, 2025 • 25%
Not received by December 31, 2025 • 25%
$500 for joint filers, $300 for individual filers • 25%
Different amount for joint and individual filers • 25%
Same amount for all filers • 25%
No refund approved • 25%
Above 60% • 25%
Between 40% and 60% • 25%
Below 40% • 25%
No significant polling data available • 25%
Yes • 50%
No • 50%
Approved and implemented • 25%
Approved but not implemented • 25%
Rejected by legislature • 25%
Postponed for future consideration • 25%
Very favorable • 25%
Somewhat favorable • 25%
Neutral • 25%
Unfavorable • 25%
Significant positive impact • 25%
Moderate positive impact • 25%
No significant impact • 25%
Negative impact • 25%