One State Is Going Stimulus Check Bonkers (Any Guesses?)
The governor’s proposal sets aside $8 billion in direct payments for millions of eligible Californians from his nearly $100 billion stimulus plan that formed after a massive tax revenue bonanza, a surplus of nearly $75.7 billion.
Gov. Gavin Newsom (D) introduced legislation on Monday that would send eligible California residents a second round of $600 state stimulus payments, with hopes of carving a smooth path toward economic recovery in the state as the bill expands direct payment eligibility to also include middle-class individuals and families.
Newsom also proposed that $5 billion go toward rental assistance for residents who have missed monthly payments, as well as nearly $2 million in direct payments for utility bills, initiatives that were chimed by legislative leaders on Monday.
A Fourth Stimulus Check Is Coming (But Only to One State)
Newsom’s stimulus plan sends $600 or $1,200 to eligible Californians, but recipients must have filed a 2020 tax return to see the stimulus.
Here s What You Need to Remember: “The backbone of our economy is small business. We recognize the stress, the strain that so many small business[es] have been under,” Newsom said in February. “And we recognize as well our responsibility to do more and to do better to help support these small businesses through this very difficult and trying time.”
While millions of Americans are hoping for another stimulus check, one state has launched their own plan.
(CORRECTION) Newsom Proposes Expanding Golden State Stimulus to Middle Class
Gov. Gavin Newsom holds a press conference at The Unity Council in Oakland to announce a budget surplus in addition to new stimulus checks, tax rebates and additional rent relief for Californians on May 10, 2021. Photo by Anne Wernikoff, CalMatters
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At the start of the pandemic a year ago, today’s news would have seemed unimaginable: The Golden State is sitting on a budget surplus so big, it’s considering giving $600 stimulus checks to California households making up to $75,000, paying off back rent of tenants affected by COVID and helping millions of residents catch up on their water and electricity bills.
Posted By Jackie Botts/CalMatters on Mon, May 10, 2021 at 2:04 PM click to enlarge Photo by Anne Wernikoff, CalMatters Gov. Gavin Newsom holds a press conference at The Unity Council in Oakland to announce an estimated $75.5 billion surplus and in addition to stimulus checks, tax rebates and additional rent relief on May 10, 2021. At the start of the pandemic a year ago, today’s news would have seemed unimaginable: The Golden State is sitting on a budget surplus so big, it’s considering giving $600 stimulus checks to California workers making up to $75,000, paying off back rent of tenants affected by COVID and helping millions of residents catch up on their water and electricity bills.
If You Live Here You Are Getting Another Stimulus Payment
According to Governor Ron DeSantis, “This one-time bonus is a small token of appreciation, but we can never go far enough to express our gratitude for their selflessness.”
First responders residing in Florida will get a one-time $1,000 “pandemic bonus,” Gov. Ron DeSantis (R) said Wednesday.
“Supporting our law enforcement and first responders has been a top priority for my administration, and it has never been more important than over the last year. As a state, we are grateful for their continued service to our communities,” DeSantis said in a statement. “This one-time bonus is a small token of appreciation, but we can never go far enough to express our gratitude for their selflessness.”