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Will NYC continue the expanded EITC in the fiscal year 2025?
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Resolution / Starting Odds
Yes • 50%
No • 50%
Official NYC budget and policy announcements for the fiscal year 2025
Story
NYC Expands Earned Income Tax Credit, Returns $345M to Residents
Aug 19, 2024, 09:00 PM
The New York City Mayor announced that the city has successfully expanded the Earned Income Tax Credit (EITC) for the first time in 20 years, resulting in $345 million being returned to working-class New Yorkers last year. This initiative has benefited over 746,000 residents. The expansion was achieved through advocacy efforts in Albany.
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Similar markets
Fully funded • 33%
Partially funded • 33%
Not funded • 33%
Program expanded further • 25%
Program remains the same • 25%
Program scaled back • 25%
Program terminated • 25%
Yes • 50%
No • 50%