Free Money? What New York’s Budget Means For Your Bank Account

Tax cuts, free money, and free meals are just a few ways New York State lawmakers hope to save you money.

Governor Kathy Hochul is continuing to push the affordability agenda she laid out during her State of the State address.

New York Gov Fights To Make New York State More Affordable

The governor made stops this week at schools and supermarkets in Upstate New York to highlight her plans to lower the cost of living for families.

Hochul's plans include providing free school meals for children, cutting middle class taxes to their lowest in 70 years, an "inflation rebate check" for about 9 million New Yorkers and increasing the child tax credit.

For all the news that the Hudson Valley is sharing make sure to follow Hudson Valley Post on Facebook, download the Hudson Valley Post Mobile

These initiatives are being negotiated as lawmakers work to pass a new state budget by April 1.

“The cost of living is too high and my Budget takes meaningful steps to put money back in the pockets of New York families,” Governor Hochul said. “I'm proposing a common-sense agenda that delivers real relief and lifts up middle-class families.”

Warning: 'Aggressive" Bear Destroys Home In Upstate New York, Returns

Hochul Highlights 2025 State of the State Affordability Agenda

Hochul's Executive Budget proposes:

Popular Destination In New York State Is Crawling With Bed Bugs

• Nearly $1 billion in tax relief to more than 8.3 million New Yorkers through a middle-class tax cut
• New York's first-ever Inflation Refund, delivering checks of up to $500 for families
• Increasing the Child Tax Credit to offer up to $1,000 for children ages 0-3 and $500 for children ages 4-16

New York's 25 Highest Fastest Growing Jobs

Highest-Paying Jobs in New York That Don't Require a College Degree