California to Distribute , 'Inflation Relief' Checks , to Millions of Residents.
On June 26, California lawmakers and Governor
Gavin Newsom reached a budget deal to distribute
"inflation relief" checks to about 23 million residents.
On June 26, California lawmakers and Governor
Gavin Newsom reached a budget deal to distribute
"inflation relief" checks to about 23 million residents.
The checks of up to $1,050 are part of
a $17 billion relief package that will also
suspend sales tax on diesel fuel.
The relief plan also includes additional aid to help people with the rising cost of rent and utility bills.
The announcement comes as drivers
in California face the highest
gasoline prices in the United States.
As of June 27, the average price for a gallon
of gas in California was $6.32, approximately
29% higher than the national average.
As of June 27, the average price for a gallon
of gas in California was $6.32, approximately
29% higher than the national average.
CBS reports that the relief checks
will be based on income, tax-filing
status and household size.
Single taxpayers earning
less that $75,000 a year
will receive $350 per taxpayer.
Couples who file jointly and earn
less than $150,000 a year will
receive $350 per taxpayer.
Those with dependents will also
receive an additional $350. .
According to local station KCRA,
the relief checks are expected to be sent via
direct deposit or debit cards by late October