New budget deal to put money in pockets of working families in CNY

Yahoo

30-04-2025

SYRACUSE, N.Y. (WSYR-TV) — Governor Kathy Hochul is celebrating a 2026 New York State Budget deal that will put thousands of dollars back into the pockets of Central New York families.
According to Hochul, the first step is expanding New York's Child Tax Credit.
This will include giving 67,000 families in Central New York an annual tax credit of up to $1,000 per child under the age of four, and up to $500 per child from four through 16. This is the largest expansion of New York's child tax credit in history.
Hochul is also planning to cut taxes for more than 80% of all tax filers in Central New York and send the state's first-ever inflation refund checks.
'The cost of living is too damn high for Central New York families, so I promised to put more money in your pockets – and we got it done,' said Governor Hochul. 'Putting thousands of dollars back in the pockets of families means helping Central New Yorkers afford the rising costs of groceries, raising kids, and just enjoying life. When I said your family is my fight, I meant it – and I'll never stop fighting for you.'
Hochul's goal is to help families of all sizes and income levels across Central New York.
Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.