New York residents will get their promised tax refund checks this fall. Governor Kathy Hochul says single taxpayers who make up to $150,000 a year will get $300 while joint tax filers making up to $300,000 will get $500 bucks.
It’s being called a one-time inflation refund. Lawmakers are using growth in sales tax money to pay for the program, but budget watchdogs have called the move risky for the state’s fiscal sustainability.
