Residents of Major US State Primed To Receive Checks of up to $1,500 As Governor Vows To ‘Put More Money Back’ in People’s Pockets

The New York Democratic Governor Kathy Hochul says millions of residents will start receiving checks for up to $1,500.
In a new announcement, Hochul says nearly three million New Yorkers will receive $2.2 billion in tax breaks through the state’s School Tax Relief (STAR) program.
“Summer is here – and it’s also the start of STAR tax relief season for millions of New Yorkers. From tax credits to child care assistance and much more, we’re continuing to put more money back in New Yorkers’ pockets.”
Under the STAR program, eligible homeowners and seniors receive property tax relief by having their school tax burden reduced. Some have already received their benefit in the form of a tax exemption this year, but others are due to receive the benefit as a tax credit sent via check.
Checks will be mailed out beginning next week.
Most eligible homeowners, those with incomes below $500,000, will receive a check between $350 and $600, while eligible seniors, those with incomes below $107,300, will receive a check between $700 and $1,500.
In New York City alone, 483,000 residents will receive checks totaling $158.6 million. Meanwhile, 582,000 Long Island residents will receive a combined $698.4 million.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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