Looking ahead to next year’s state budget and, perhaps, her re-election race the following year, Gov. Kathy Hochul of New York on Monday proposed sending $3 billion in “inflation refund” checks to most taxpayers.

New Yorkers could get “Inflation Refund” checks of up to $500 from the state government next year under a proposal from Gov. Kathy Hochul.

New York Gov. Kathy Hochul is proposing sending refund checks to millions of residents next year to counter inflation.