Gov. Hochul announces $350 million in direct financial assistance to low and moderate income families across New York

ALBANY, NY- Governor Kathy Hochul has 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.

This continues Governor Hochul’s efforts to address the cost of living for working New Yorkers, including $2.6 billion in supplemental payments and savings delivered to taxpayers since 2022, as well as the Governor’s recent announcement of a digital portal to help more New Yorkers get financial assistance to cover child care costs.

“We’re putting money back in the pockets of more than a million New Yorkers because this administration delivers for working families,” Governor Hochul said.

“Our work is far from over. From expanding tax credits to increasing access to child care assistance, I’ll never stop fighting to address the cost of living for working parents and help them create a brighter future for their kids.”

The Empire State Child Credit is a refundable tax credit for income-qualified New Yorkers with children. In 2023, Governor Hochul and the State Legislature expanded the Empire State Child Credit to include children under four, benefitting an estimated 600,000 additional children per year.

Earlier this year, the more than 1 million families eligible for the Empire State Child Credit began to receive hundreds of millions of dollars in tax credits based on their 2023 tax filings.

Image via the office of New York Governor Kathy Hochul.