Governor Gavin Newsom previewed his $100 billion California Comeback Plan Monday morning, introducing an additional round of stimulus checks for middle income families.
“California is not only back, it is roaring back,” Newsom said during a news conference at Unity Council in Oakland.
Newsom said California has a $75.7 billion budget surplus and The Golden State Stimulus will provide at least $600 to two-thirds of Californians.
NEW: CA will be expanding the Golden State Stimulus to middle class families — creating the biggest state tax rebate in US history.
2 out of every 3 Californians will now benefit from a stimulus check of at least $600. And families with kids will now get an additional $500.
— Gavin Newsom (@GavinNewsom) May 10, 2021
“California’s recovery is well underway, but we can’t be satisfied with simply going back to the way things were,” said Governor Newsom. “We are tripling the Golden State Stimulus to get money in the hands of more middle-class Californians who have been hit hard by this pandemic. Two in three Californians will receive a check from the state and more than $5 billion in aid will be made available to those who need help paying their rent or utility bills.”
Golden State Stimulus Breakdown:
- $600 for taxpayers making less than $75,000
- $500 for families with kids
- $500 for undocumented families
- $5.2 billion in rental assistance
- $2 billion utility bill assistance
“Under Governor Newsom’s California Comeback Plan, the state would also offer the largest renter assistance package of any state in America, with billions of dollars to help low-income Californians pay back 100 percent of their back-rent, their rent for the months to come and overdue water and utility bills.” Explained Newsom in a statement.
Governor Newsom will share more investments and initiatives within the California Comeback Plan in the week ahead.