New York State Leaders Address High Cost of Living Concerns
Governor Hochul Proposes One-Time Payment to Reduce Impact of Inflation
ALBANY, N.Y. (NEWS10) — New York State leaders are taking steps to address the concerns of high cost of living. Governor Kathy Hochul visited a Market 32 in Albany on Tuesday to highlight a plan to reduce the impact of inflation.
The Proposal
The governor has proposed a one-time payment for eligible New Yorkers using extra sales tax generated by the higher cost of everyday goods. The payment would be made to individuals and families who are struggling to make ends meet due to the rising cost of living.
Eligibility and Amounts
For single people making up to $150,000 per year, the checks would be $300. For families earning up to $300,000 per year, the checks would be for $500, Hochul said.
Impact on Shoppers
One shopper, Sally McKenna, expressed her appreciation for the proposal, stating that it would make a big difference in her life. "To have a boost of a check line that would make it easier to then put something toward another bill, or just, either way, that money would go for food, then the money would be a boost for other bills, too, and you mentioned relieving stress, and yeah, we could all use relief from stress, and it would go a long way," McKenna said.
Next Steps
The proposal still needs approval from lawmakers before it is finalized.
Conclusion
The governor’s proposal aims to provide relief to New Yorkers who are struggling with the high cost of living. By using extra sales tax generated by the higher cost of everyday goods, the state can provide a one-time payment to eligible individuals and families. The proposal has been met with positive feedback from shoppers, who see it as a step in the right direction to address the concerns of high cost of living.
Frequently Asked Questions
Q: Who is eligible for the one-time payment?
A: Single people making up to $150,000 per year and families earning up to $300,000 per year are eligible for the payment.
Q: How much will the payment be?
A: For single people, the payment will be $300, and for families, it will be $500.
Q: When will the payment be made?
A: The payment will be made once the proposal is approved by lawmakers.
Q: Will this proposal address the root cause of the high cost of living?
A: The proposal aims to provide relief to New Yorkers who are struggling with the high cost of living, but it does not address the root cause of the issue.
