Newsom Proposes $18 Billion Relief Package To Offset Inflation
As inflation increases, Gov. Gavin Newsom proposed an $18.1 billion Inflation Relief Package May 12 that includes direct payments to state residents.
The following is included in the package, according to the news release:
$11.5 billion in tax refunds, including $400 checks to every registered vehicle owner in the state, capped at two checks per individual
$2.7 billion for an emergency rental assistant for low-income tenants who sought state rental assistance prior to March 31
$1.4 billion to assist residents with past-due utility bills, including $1.2 billion dedicated to electricity bills and $200 million for water bills
$933 million for hospital and nursing home staff, including $1,500 to workers who delivered care during the COVID-19 pandemic
$750 million for free public transit for up to three months
$304 million for more affordable health coverage for middle-class families, including for families of four earning up to $166,500 annually
$439 million to halt the diesel sales tax for 12 months
$157 million to waive preschool and childcare fees for low-income families—resulting in $595 in savings per month per family
Aside from the $18.1 billion package, minimum wage is expected to increase to $15.50 per hour beginning Jan. 1, 2023, according to the governor’s office.
The proposal will have to be voted upon by lawmakers before passing.
Sat, 05/14/2022 – 15:30