About 23 million California residents will soon receive 'inflation relief' checks of up to $1,050 under a budget deal reached by Governor Gavin Newsom and state lawmakers on Sunday.
We have an agreement with the legislature on California’s budget!
This budget takes immediate actions to give $$ back to millions who are grappling with global inflation and rising costs while tackling some of the greatest challenges of our time.The relief checks are designed to help residents cope with"global inflation and rising prices of everything from gas to groceries," the lawmakers said in the statement. Here's how California's plan will work.
Single people who earn between $125,000 and $250,000 and couples who earn between $250,000 and $500,000 annually would receive $200 each, plus the same amount for their dependents. That amounts to a maximum payment of $600 per family. Couple who earn above $500,000 and single taxpayers who earn above $250,000 aren't eligible for the payments,
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