A surplus in the state budget will be passed on to citizens.
Yesterday, California Governor Gavin Newsom announced a new proposal that would provide both state-wide stimulus checks to California residents and renter’s assistance to those affected by the COVID-19 pandemic. Altogether, this would cost approximately $12 billion for the checks and $5 billion for renter’s assistance over the next several months, plus an additional $2 billion for paying overdue utility bills.
🚨$$$ back in your pocket🚨:
Two out of every 3 Californians will receive a check of at least $600 — and families with kids will receive another $500. https://t.co/A8ao3ksPDB
— Gavin Newsom (@GavinNewsom) May 11, 2021
The source of this money is a massive surplus in the California state budget, around $75.7 billion, earned on the back of Silicon Valley’s technological advancements allowing a large portion of the local population to work from home during the height of the pandemic. Should Newsom’s proposal be accepted, approximately 2 out of every 3 California citizens, specifically those making less than $75,000 annually, would receive a payment for $600, plus an additional $500 for families with children or dependents.
California Gov. Gavin Newsom has proposed a $100 billion economy recovery package, with the centerpiece a proposal to give $11.9 billion of direct cash payments to Californians. https://t.co/kv1fNC325l
— Kyle Griffin (@kylegriffin1) May 10, 2021
“People were talking last year about a $54 billion shortfall; to then go to a $75 billion surplus is surreal,” said Anthony Wright, executive director for Health Access California. “It’s even more surreal for those of us who have been around for a couple of decades and have experienced a lot more lows than highs with regard to the budget cycles.”
Sony Releases First Trailer for ‘Venom’ Sequel
Fuel Shortages Prompt Panic Buying
-
Preparations Underway as Government Shutdown Looms: What to Expect With a government shutdown looming, federal agencies are bracing for...
-
Hunter Biden Files Civil Lawsuit Against Rudy Giuliani and Former Attorney for Alleged Digital Privacy Violations In a significant...
-
Justin Trudeau Calls for Answers in the Hardeep Singh Nijjar Case Canadian Prime Minister Justin Trudeau has issued a...
-
Vivek Ramaswamy Unveils Bold Reform Agenda for 2024 Elections Indian American entrepreneur and Republican presidential aspirant Vivek Ramaswamy has...
-
House Republicans Launch Formal Impeachment Inquiry into President Biden The US House of Representatives has announced the initiation of...
-
Tensions Rise as the U.S. Takes Action Against Violations of Sanctions and International Law in the Gulf The United...
-
Concerns Arise Over Senate Minority Leader Mitch McConnell’s Health and Fitness to Lead Senate Minority Leader Mitch McConnell’s recent...
-
Former President Trump’s Legal Team Addresses Criminal Charges and Trials In response to the mounting criminal charges and upcoming...
-
Exploring Factors Behind President Biden’s Approval Ratings Polling data reveals that President Joe Biden’s approval ratings have encountered challenges,...
-
The U.S. President assures support and aid as island grapples with Deadly wildfires and recovery challenges US President Joe...
-
Tragedy unfolds as FBI confronts man over alleged threats against President Biden An incident unfolding on Wednesday shocked the...
-
Protecting the Process in Trump’s January 6 Case In the federal courthouse of Washington, DC, security measures surrounding the...