Families in New York To Receive Supplemental Payments

In a move that’s sure to raise eyebrows among fiscal conservatives, New York is set to distribute a whopping $350 million in supplemental payments to eligible families. While some may see this as a much-needed lifeline for struggling parents, others might view it as an example of government overreach. Let’s dive into the details and examine what this means for New York families and the state’s financial future.

The Empire State Child Tax Credit: A Closer Look

Governor Kathy Hochul has announced that approximately one million New York families will receive checks by the end of August. These payments will amount to up to $330 per child, with a maximum of $1,000 for families with three children. The initiative aims to provide financial relief, particularly during the back-to-school season when expenses tend to pile up.

“One million New York families will be receiving a check in the mail by the end of August. Depending on your income and size of family, some people will receive $330 per child. You have three children, that’s $1,000 in your pocket,” Hochul said in her announcement.

Eligibility and Distribution

The supplemental payments are tied to the Empire State Child Tax Credit, which was expanded in 2023 to include children under 4 years old, covering an additional 600,000 children annually. Eligibility is based on qualifying for this credit in 2023 and filing taxes on time. Income thresholds for eligibility are set at $110,000 or less for married couples, $75,000 or less for single parents, and $55,000 or less for married couples filing separately.

“New Yorkers don’t have to do anything to receive this payment,” Hochul explained. “No forms, no hoops to jump through. It’s just going to come to them.”

Impact on Families

For many families, these payments could provide much-needed relief in the face of rising living costs. The supplemental payments will range from 25% to 100% of last year’s Child Tax Credit, based on family income. This sliding scale approach aims to provide more significant support to those with lower incomes.

“For many moms like myself, any little additional support makes a difference,” Lisa Chin, a parent from Mount Vernon, said.

The Other Side of the Coin

While the initiative has been praised by many, it’s not without its critics. Some argue that the governor should focus on reducing state spending instead of issuing one-time checks. Senate Minority Leader Rob Ortt voiced this concern, suggesting that long-term fiscal responsibility should take precedence over short-term relief.

“Putting money back in the hands of families is a positive thing — but instead of the governor doling out one-time, self-serving checks,” Ortt said.