According to information released by Gov. Gavin Newsom’s office earlier this week, more than half of Californians may soon receive stimulus checks from the state.
Later this fall, an estimated 23 million eligible Californians will get payments of up to $1,050 for joint filers with at least one dependent as part of a $17 million inflation relief scheme.
A state budget surplus of a record-breaking $97 billion will be used to pay for the relief programme.
A $17 million inflation relief programme will provide payments of up to $1,050 for joint filers with at least one dependant to an estimated 23 million eligible Californians later this fall.
The record-breaking $97 billion state budget surplus will be used to fund the relief effort.
The package, which Newsom referred to as a “middle-class refund,” will put “more money in your pocket to help you fill your gas tank and put food on the table,” he wrote in a tweet on Sunday.
In a tweet posted on Sunday, Newsom referred to the package as a “middle-class rebate” and said it would put “more money in your pocket to help you fill your gas tank and put food on the table.”
How payments will be made? Each California resident’s income and the number of their dependents will determine if they are eligible.
According to a preliminary overview of the planned budget, the amounts are based on three tiers for either single or joint tax filers.
Later this fall, an estimated 23 million eligible Californians will get payments of up to $1,050 under a $17 million inflation relief programme for joint filers with at least one dependent. The record-breaking state budget surplus of $97 billion will be applied to the relief effort.
In a tweet on Sunday, Newsom described the package as a “middle-class refund” that will put “more money in your pocket to help you fill your gas tank and put food on the table.”
The package, which Newsom referred to as a “middle-class refund,” will put “more money in your pocket to help you fill your gas tank and put food on the table,” he wrote in a tweet on Sunday.
Individual taxpayers will receive:
$350 if their annual income is under $75,000
$250 if their annual income is between $75,001 and $125,000.
$100 if their annual income is between $125,001 and $250,000.
Joint tax filers are entitled to:
$700 if their annual income is under $150,000.
$500 if their annual income is between $150,001 and $250,000.
Those who make between $250,001 and $500,000 a year will receive $400.
Depending on their tier, single or joint filers who have at least one dependent will receive an additional sum of either $350, $250, or $200.
According to a Newsom administration official, checks will be delivered via direct deposit or debit card by the end of October, according to Sacramento NBC affiliate TV station KCRA.
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Additionally, starting on October 1st, the state will defer the 23-cent per gallon fuel sales tax for a full year. Funds will be set aside for rent and utility expense alleviation initiatives, as well as for local transportation infrastructure projects.
