Thousands of New York residents are set to benefit from a direct payment worth 200 dollars by the year’s end, as tax pauses and tax exemptions continue to be introduced in the United States.
Senior homeowners in Onondaga County are set to benefit from a stimulus payment of 200 dollars if they qualify for the Enhanced STAR property tax exemption.
The bill was unanimously passed after the county recorded a budget surplus and their rainy day savings, hit a whopping 200 million dollars in December last year.
Ryan McMahon, the county executive, proposed that the payments were a way to make use of some of the county’s surplus cash which has been possible by a combination of fiscal austerity, enhanced federal funding during the pandemic, and greater-than-expected sales tax revenues.
Officials from the county estimate that 27,500 households located within the county qualify for Enhanced STAR and will get their 200 dollar checks sometime in December this year.
Who is eligible for STAR Property Tax Exemption?
Those who are eligible for Enhanced STAR rebate, must be homeowner who are at least 65, and have a household income no higher than 92,000 dollars. The county will also send one check per household.
Legislator Peggy Chase said the checks are intended to help people on fixed incomes. “Hopefully, it will give some relief,” Chase said.
STAR Property Tax Exemption criticism
While most will be relived by the initiative there are those who remain critical like Legislator Bill Kinne.
“I applaud the county executive but it seems to me we should be more broadly thinking of all the people in the community,” Kinne stated.
The proposal was put forth by County Executive Ryan McMahon in March with the executive stating that he hoped these payments would help seniors in the wake of financial disruptions caused by the Covid pandemic and the resulting rise in inflation.