(Mr. Bloomberg has also proposed continuing a $400 annual rebate to individual homeowners to offset some of the rate increase he imposed in 2002.)

Beginning in 1982, the District provides property tax relief, via an annual rebate, to low income senior citizens.

But Mr. Schumer said that situation could be alleviated through annual rebates to low-income consumers.

Looked at another way, it would be enough to give every citizen an annual rebate covering one-fourth of the cost of a high-efficiency light bulb.

Our studies have shown that there is enough money in the federal budget to provide a taxable annual rebate of $4,000 per adult and $2,000 per child.

The mayor's proposal would provide annual rebates of $400 to owners of houses, co-ops and condominiums.

It would also offer an annual rebate of five-tenths of a percent to 1.5 percent of the value of purchases made with the card.

Advertising of the annual rebate has been stepped up.

They said that once the fund equals 1.25 percent of deposits, perhaps by the mid-1990's, banks would begin receiving annual rebates, just as they routinely did until 1986.

The program is scheduled to grow to $1 billion per year by 2004 and eventually offer homeowners a $600 annual rebate.