By Oct. 15, 2014, a $350 rebate check

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Just in time for next year’s elections, families with children will receive a $350 rebate check.

According to the state budget bills, families who have children under 18 will receive the rebate check by Oct. 15, 2014.

The $350 rebate checks will be in place for three years, along with higher income taxes on millionaires. The rebate checks will cost the state about $350 million a year, part of $800 million a year in tax breaks to families and businesses.

The rebate checks have been knocked as an election year gimmick. Gov. Andrew Cuomo and the state Legislature will be seeking election in November 2014.

“The rebates will hit during an election year and then Albany is free to take them away in two years,” said Assemblyman Kieran Michael Lalor, R-Fishkill, Dutchess County. “Permanent cuts to tax rates would have better served New Yorkers and the state.”

Cuomo defended the rebate checks, saying they will help families.

“I want the people of this state to know that we understand the pressure they’re under, and this state is going to do everything it can to keep costs low,” Cuomo said of the tax rebates on “The Capitol Pressroom,” a public radio show today.

Cuomo said the higher income taxes on the wealthy is needed to balance the budget in the coming years. The higher taxes on the rich will bring in about $2 billion a year for the state, and the state’s budget gaps in the coming years will be about $4 billion, Cuomo said.

“We need the millionaires tax as we sit here today for the out years for financial stability,” Cuomo said.

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6 Comments

  1. JohnFromNewYork on

    So, let me see if I understand this………senior citizens struggling to stay in New York State and paying ever rising property taxes will get NO tax relief from this budget. Apparently AARP is not having much impact in Albany.

  2. Got it. The state is already in a lot of debt, so we borrow more money to give people $350 bribes for their votes putting the state farther into debt and letting our kids pay for it. It will cost our families thousands of dollars in taxes in the future to pay for the hundreds being used to buy votes today.

  3. go figure that they will give more money to people with kids they keep getting more while the seniors suffer to live on the little they get. my thought is that people that do live on the system get a lot of money back at tax time and when you get from the system you should have to turn that money back into the system. after all we are paying for them to live free . just not right we work all our lives to end up with so little. while they get so much .Cuomo you need to redo what you just did. I also intend to leave ny soon its not worth living in ny anymore

  4. I will get the check, but not vote for him. Thanks, but no thanks. Too little of a bribe for me. I want a Bruno size bribe or a Shelly size bribe not this puny little $300 stuff. Albany is so corrupt it simply isn’t funny. When my Mass friends rip on NY for being so corrupt you know we have a problem as Mass has open bribery season…

    We get the government NYC elects for us. It is time, separate Upstate from downstate. I guarantee Upstate will prosper. Oh, downstate can keep Cuomo as well.