The state of New York is preparing to launch the second phase of the School Tax Relief (STAR) program, a crucial measure to ease the tax burden on homeowners. Governor Kathy Hochul announced that millions of residents will receive funds to reduce their school taxes, an important step in times of economic uncertainty.
This phase will especially benefit those with school tax due dates between August and September. Checks and credits are being distributed in stages, which provides economic relief to the most needy households.
Details of the second phase of STAR: How will New Yorkers benefit?
The STAR program is a tax initiative designed to relieve homeowners in New York from high school taxes. It is a new effort by the state to return money directly to citizens, aiming to reduce the impact of taxes on families.
In this second phase, eligible recipients will receive between $350 and $600, while seniors may receive from $700 up to $1,500. This relief will be distributed in stages over the coming months, according to the school tax due dates.
Governor Kathy Hochul expressed her satisfaction with the program, highlighting that this aid is essential at a time of economic crisis. In her statement, Hochul said that "the STAR program provides necessary school tax relief to millions of homeowners in New York." She also emphasized that her administration keeps working to return money to families, especially in times of financial uncertainty.
The impact of this measure is considerable. In western New York, for example, 320,000 residents will directly benefit from the tax relief. Senator April Baskin highlighted the importance of this initiative, mentioning that this support will allow New Yorkers to have more money to cover all their daily expenses.
What is the STAR program and how does it help New Yorkers?
The STAR program, which was launched in 1997, is designed to reduce the school taxes that homeowners must pay. This relief has a great impact on many families, especially those facing various economic difficulties due to changes in the federal and state tax systems.
The program's funds not only ease the tax burden, but are also an example of New York state's commitment to all its residents. "During a time of financial uncertainty due to funding cuts by Republicans in Washington, my administration is returning money to families' pockets." Hochul commented, stressing the positive impact of this measure.