Gov. Kathy Hochul (D-NY) is cutting billions in checks to millions of New Yorkers in an effort billed to ease the financial strain of residents burdened by the high cost of living. 

The “inflation refund checks” of up to $400 have been going out for weeks after Hochul announced the program in late September. Over eight million households are set to receive the checks, which Hochul’s office said are funded by excess state tax revenues.

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