Two-thirds of California taxpayers still await COVID-19 stimulus checks announced by Gov. Newsom about two months ago – and they likely will have to wait longer.
The checks are part of an extension of the Golden State Stimulus program, which originally distributed $3.8 billion to low-income residents in the form of one-time payments of $600, according to the nonprofit Cal Matters. This second set of stimulus checks would provide a one-time payment of $600 to middle-class residents earning up to $75,000, as well as a $500 check to qualifying residents with dependents.
The program’s extension comes from Newsom’s $100 billion California Comeback Plan – the largest economic recovery package in the state’s history, according to the governor’s official website. Newsom said the state’s budget surplus of $75.7 billion would go toward expediting the Golden State’s pandemic recovery – bringing “California roaring back” – by addressing core issues such as economic relief, homelessness and housing affordability, infrastructure and public education.
“$600 checks are coming to 2/3 of Californians. And if you have a kid, you can benefit from an additional $500,” Newsom said on Twitter on May 11.
Newsom acknowledged at the time that the proposal required approval from the state legislature to go into effect. But he got that when the California legislature approved a $262.6 billion state budget at the end of June, which included the distribution of the Golden State Stimulus checks.
However, that has been the last major development in the effort to expand the Golden State Stimulus. Newsom has yet to sign the budget into law, according to the state budget’s official website, preventing stimulus checks from going out to residents.
Daniel Tahara, a public information officer from the California Franchise Tax Board, a state tax collection agency, said the governor’s authorization of the budget is critical in moving forward…Read more>>