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California, the Golden State, returns the gold...

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California, the Golden State, returns the gold... Empty California, the Golden State, returns the gold...

Post by Original Quill Tue May 11, 2021 2:30 pm

California’s operating budget surplus has swelled to more than $75 billion, Governor Gavin Newsom said, fueled by a surging economy and capital-gains taxes. Newsom thus vows new $600 checks for citizens, and $5 billion rent help, puts California surplus at $76 billion.

The payments are part of what Newsom is calling a California Comeback Plan. Under the governor’s proposal, which still requires approval from the Legislature, households earning up to $75,000 in adjusted gross income will be able to receive the second round of stimulus payments. The expanded program would provide financial assistance to two-thirds of Californians.

Newsom also proposed $5 billion to double rental assistance to get 100% of back rent paid for those who have fallen behind, along with as much as $2 billion in direct payments to pay down utility bills that are overdue.

This would be the second round of state stimulus checks proposed by the governor. In February, the governor signed legislation to provide 5.7 million low-income Californians with $2.3 billion in state stimulus checks. The money was provided for residents including those earning $30,000 a year or less who receive the state Earned Income Tax Credit. It also went to people who file tax returns with an individual taxpayer identification number but who don’t have a Social Security number, the bulk of whom are immigrants in the country illegally. Oakland Mayor Libby Schaaf welcomed the new round of financial help, which she said is “an unprecedented moment where government is coming to the aid of those who need it the most.”

https://www.sandiegouniontribune.com/california/gavin-newsom-new-stimulus-checks-californians-rent-assistance

cheers

Original Quill
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Post by Maddog Tue May 11, 2021 4:46 pm

And people keep leaving.

Guess they don't want to be bribed with their own money anymore.
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Post by Original Quill Tue May 11, 2021 4:52 pm

Good. More to share with the lucky remainders. Wink

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