San Francisco’s CBS News affiliate reports:
As the clock ticks down to California’s reopening from all COVID-19 restrictions on June 15 and with state coffers flush with a $75.7 billion budget surplus, Gov. Gavin Newsom unveiled a $100 billion recovery plan which will include individual tax rebates of up to $1,100.
Chief among the new proposals Newsom announced Monday was a major expansion of the Golden State Stimulus, providing additional direct payments to middle-class families that make up to $75,000.
Under the plan, two-thirds of state residents – individuals and households making between $30,000 and $75,000 annually – will benefit from $600 direct payments. Households with dependents making up to $75,000, including undocumented families, will also now be eligible for an additional $500.
Read the full article.
— NBC Bay Area (@nbcbayarea) May 10, 2021
Whoa! Governor Newsom just announced that California has a $75.7 billion budget SURPLUS and the lowest COVID case rate in the nation. How’s that recall going?
— MeidasTouch.com (@MeidasTouch) May 10, 2021
Millions of Californians would get tax rebates of up to $1,100 under a proposal by Democratic Gov. Gavin Newsom. It’s possible because of the state’s $75 billion budget surplus, but opponents say it’s a publicity stunt by Newsom, who faces a recall vote. https://t.co/Yi0wCGQA1u
— The Associated Press (@AP) May 10, 2021