May 10, 2021
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About this Deal
California's Democratic Gov. Gavin Newsom, facing a Republican-led recall, said Monday he wants to return the state's enormous $75.7 billion budget surplus to the pockets of taxpayers via an expanded stimulus check program he says would benefit two out of every three residents.
The $12 billion proposal would amount to the largest year-over-year rebate that's ever been provided in any state in American history, Newsom said. It's part of his larger $100 billion "California Comeback Plan" that would also include rental assistance and direct relief to help Californians pay off water, gas and electricity bills.
The governor said that the program is possible because the state has a $75.7 billion budget surplus, noting that at this time last year he had announced a $54.3 billion projected shortfall.
If the plan gets approved by the Democratic-controlled state legislature, it would send $600 stimulus checks to residents earning up to $75,000 who didn't receive an earlier payment from the state. Families could be eligible for an additional $500. Money already went out in April to Californians earning up to $30,000.
Newsom stressed that he will need the cooperation of the state legislature to proceed with his plan, but noted that two of the budget chairs were present at the press conference