From housing to gas relief to what’s next with negotiations, here’s a look at five things to know about the legislative proposal.
The legislature’s proposal includes $8 billion for what it calls a “Better For Families Rebates” program to offset the skyrocketing cost of gasoline. The rebate would provide $200 per taxpayer and dependent for those with incomes less than $125,000 or $250,000 for joint filers.Newsom’s plan, however, would provide a one-time refund of $400 to each eligible owner of a registered vehicle with a cap of $800 per person.
The legislature’s budget funds many of the Newsom administration’s housing proposals — including $150 million over two years for the preservation of existing affordable housing. And even then, don’t expect all the details of bigger packages, such as the $21 billion climate and energy plan, to be hammered out before California’s new fiscal year begins on July 1, according to a legislative budget staffer. Those nitty-gritty details will most likely still be worked on through July or even August.
“Governor Newsom would like to see more immediate, direct relief to help millions more families with rising gas, groceries and rent prices,” York said in a statement. “The Governor’s plan includes an additional $3.5 billion beyond what legislative leaders have proposed to help millions more people meet everyday costs.”