NYS Provides Direct Financial Assistance to Low- And Moderate-Income Families Across New York

July 30, 2024 – Albany, NY – Governor Kathy Hochul makes a cost of living announcement in Albany. (Mike Groll/Office of Governor Kathy Hochul)

Governor Hochul: “We’re all parents and we talk about intensely how we can put more money back in the pockets of New Yorkers. We’re delivering $350 million in direct financial assistance to low- and moderate-income families statewide through the Child Tax Credit program. $350 million meaning one million New York families with children will be receiving a check in the mail by the end of August.”

Hochul: “Together we secured a $7 billion investment to overhaul our state’s child care system and making child care more affordable. And just a couple weeks ago, we announced a new digital portal to make free and low cost child care available for eligible families online. Get this, and I hope you all heard this last week: for a family earning up to $108,000 – a family of four earning up to $108,000, their child care expenses will not cost more than $15 a week. The average cost is $350. That’s real money back in New Yorkers pockets, and I’m really proud of that as well.”

Earlier today, Governor Kathy Hochul announced New York State is delivering approximately $350 million in supplemental payments to low- and moderate-income families statewide through the Empire State Child Credit program. More than 1 million families will receive this financial assistance without any need to apply, as each eligible family will receive a direct payment of up to $330 per child.