Governor Hochul is proposing to help New Yorkers struggling from higher prices by pumping $3 billion of taxpayers’ money into the state economy in the form of “inflation refund” checks.

Ms. Hochul shared the plan on Monday as part of a series of proposals she will make in her State of the State address. In a statement, the governor said, “My agenda for the coming year will be laser-focused on putting money back in your pockets, and that starts with proposing Inflation Refund checks of up to $500 to help millions of hard-working New Yorkers. It’s simple: the cost of living is still too damn high, and New Yorkers deserve a break.”