California unveils plan to fight inflation that would include $400 checks

The Governor of California will present a plan to combat inflation in the state that would include, among other things, a $400 check. New...

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  • The Governor of California will present a plan to combat inflation in the state that would include, among other things, a $400 check.
  • New funds for rent relief, child care, health insurance premiums, and utilities would also be included in the plan.
  • The governor previously unveiled a proposal that would pay for healthcare expenses for all low-income undocumented immigrants.

The Governor of California will present a new plan to use the budget surplus of the Golden State with the intention of counteracting inflation. The proposal would include, among other things, a $400 check, an increase in the minimum wage, and rental assistance.

Gov. Gavin Newsom is expected to announce another record budget surplus this Friday, giving him and state lawmakers plenty of money to spend in a year in which the governor is expected to navigate reelection to a second term, according to AP.

Undocumented immigrants would benefit greatly from the new proposal

California
Photo: Twitter

The surplus in California’s general fund could reach $68 billion from the initial $29.6 billion surplus Newsom announced in January. “Our revenue was significantly higher than January,” said Keely Martin Bosler, director of the California Department of Finance.

Newsom has already said how he wants to spend most of the state’s money this year. In January, the governor unveiled a $286.4 billion budget proposal that would pay for the healthcare expenses of all low-income immigrants living in the country illegally while cutting taxes by about $5.5 billion for businesses, cuts that Newsom has since signed into law.

What does Gavin Newson’s plan include?

California
Photo: Twitter

“We are taking advantage of this historic surplus to put money back in the pockets of Californians,” Newsom wrote in a statement. “This inflation relief package will help offset the higher costs Californians are facing right now and provide support to those still recovering from the pandemic.”

The governor’s plan on using the massive budget surplus would include new funding for rent relief, child care, health insurance premiums, utilities, increased minimum wage, and even $400 checks to vehicle owners due to the high price of gasoline. According to information reported by San Francisco Chronicle, the plan would also provide nearly $1 billion in $1,500 payments to hospital and nursing home workers.

The post California unveils plan to fight inflation that would include $400 checks appeared first on Mundo Hispanico.

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