India, May 3 -- The State of New York's lawmakers have now reached a deal on April 28 to hand over inflation refund checks to 8 million taxpayers in the region. This is part of New York's $254 billion budget framework, and will make it the first time that New Yorkers will receive inflation refund checks.

New Yorkers grappling with inflation will soon receive relief through one-time "inflation refund" checks, part of the state's $254 billion FY 2026 budget. Eligible individuals earning under $75,000 get $200, while those earning up to $150,000 receive $150. Joint filers under $300,000 qualify for $400 . Payments, funded by surplus sales tax revenue from rising prices, aim to ease cost-of-living pressures.

During a press briefing, Governo...