News 8 WROC

August 20th, 2020

Officials from the governor’s office say no official decision has been made, but questions about system changes and states being reimbursed for the cost is keeping Gov. Cuomo from applying — for now.

In the meantime, financial experts are suggesting those relying on these payments to create a new financial plan now rather than wait.

“If you have a car payment, a student loan maybe you want to call those people and ask, if there’s any way, if you are truly effected by this payment that you were expecting to receive or have become dependent upon, maybe you need to let them know ahead of time,” said Jarrett Felton, Managing Director at Investment Wealth management. We need to “put ourselves in a position where we could adjust and adapt, we’d be much better off so, why rely on the state if we can take these measures proactively.”

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