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Inflation checks could be coming to help Californians
Californians could see checks ranging from $200 to $350 as part of the state's $17 million inflation relief package.
SACRAMENTO, Calif. - Inflation relief checks could be in your bank account by the end of the year according to a tentative plan worked out by California Gov. Gavin Newsom and state lawmakers.
Most Californians could see a check ranging from $200 to $350 based on their income.
It's part of the state's agreed $17 billion inflation relief package going out to 23 million Californians meant to help offer relief for rising inflation and gas prices. It's all part of Gov. Newsom's state budget proposal for 2022-2023.
If you are single and earn less than $75,000 a year, you'll get $350.
You'll get $250 if you make less than $125,000
And you'll get a $200 check if you make less than $250,000
Each of those values double if you are married with joint salaries.
That means a family of three can receive up to $1,050 in relief. According to the state, 82 percent of people who will receive a payment fit this mold.
Those payments can start going out as early as October but most Californians will likely get their money early next year.
If you make more than $250,000-thousand or have a joint income of $500,000 then you will not receive any relief checks.
The plan also suggests suspending the 23-cent gas tax for Diesel for at least a year.
The budget still needs to be voted on and approved by the state Legislature, then signed by Newsom. That will likely happen next week, when the legislature is set to discuss its final state budget plan.