Proposed Cost Of Living Increase For 2025. This year’s cola increase of 2.5% is not as high as previous years, but will still result in public benefits increases across social security, ssi, medicaid, and medicare. If tscl’s forecast is correct, the average retired.

As her second proposal for the 2025 state of the state, governor kathy hochul today proposed a historic expansion of new york’s child tax credit for more than 2. The proposed rate increase of 99.4% for those southeastern coastal counties was negotiated down to 16%, but it’s a 16% increase this year and then another 15.9% in 2026.